大阪府大阪市(1,360M).pdf

Summary

• Title: Namba multifamily residential (Daikokucho Station)
• Purchase price: 1,360,000,000 JPY
• Highlights
  • 10-12 mins walk to Namba (Namba Parks)
  • Corner unit
• Google Map link: https://maps.app.goo.gl/EvawYztCJQi1JSp9A
• Full occupancy cap rate: 3.68%
• Building Age: 15 years old (built in May 2009)
• Address: 1-chōme-8-4 Shikitsunishi, Naniwa Ward, Osaka, 556-0015, Japan
• Access:
  • Daikokucho Station (Osaka Metro Midosuji Line) - 4 minutes walk
    • One stop from Namba station on Midosuji line
  • Imamiya Station (JR West Japan Osaka Loop Line) - 8 minutes walk
  • Ashiharabashi Station (JR West Japan Osaka Loop Line) - 9 minutes walk
  • Namba station - 15 minutes walk
• Current occupancy: 95%
• Yields at full occupancy (100%)
  • Monthly Income: 5,419,258 JPY (not including tax)
  • Annual Income: 65,031,096 JPY (4.78% at purchase price of 1.36b)
  • Net Operating Income (NOI): 50,074,264 JPY (using assumption of 22% expense ratio)
  • Full occupancy cap rate: 3.68% (at 1,360,000,000 JPY purchase price)
• Yields at current occupancy (95%)
  • Monthly Income: 5,113,058 JPY
  • Annual income: 61,356,696 JPY
  • Full occupancy Net Operating Income (NOI): 47,858,223 JPY (Using assumption of 22% expense ratio)
  • Current occupancy cap rate: 3.52%
• Land Area: 538.56 m² (162.91 tsubo)
• Zoning: Commercial area
• Land Rights: Freehold