Mitsubishi Estate Logistics REIT Investment Corporation



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Portfolio Details

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MJ Logipark Funabashi 1

  • MJ Logipark Funabashi 11
  • MJ Logipark Funabashi 12

As of February 28, 2021

Location 3-2-5 Hama-cho, Funabashi, Chiba
Completion date November 30, 1989
Total floor space 18,262.08 m²
Land area 7,481.00 m²
Leasable area (Note 1) 18,232.07 m²
Acquisition price 5,400
Appraisal value 6,580
Appraisal NOI yield 6.5%
Number of tenants (Note 2) 1
Nearest train station Approx. 1.5 km from "Minami-Funabashi Station" of the JR Keiyo Line
Major trunk road Approx. 1.5 km to the National Route 357
Approx. 2.2 km from "Yatsu-Funabashi Interchange" of the Higashi-Kanto Expressway
Approx. 3.0 km from "Hanawa Interchange" of the Keiyo Road
(Note 1) “Leasable area” is the sum total of the area regarded as being available for leasing based on each lease agreement, building drawing, etc. for buildings (excluding the leased area stated in the lease agreement for shops, vending machines, photovoltaic power generation facilities and parking spaces).
(Note 2) “Number of tenants” is based on the lease agreements with tenants for warehouses, offices and lands for each property or property in trust.

Location Profile

■ Delivery to the center of Tokyo from the site takes an hour or so. So the site should be able to meet the high demands for logistics hubs in suburban Tokyo.
■ Access to major logistics infrastructure Tokyo International Airport (commonly known as Haneda Airport), Narita International Airport, Port of Tokyo, etc. is easy via major trunk roads, allowing for wide delivery coverage.
■ The surrounding environment has a concentration of logistics facilities and 24-hour operation is possible.
■ Onsite animal quarantine services are available by dispatched quarantine officers near from the site. So this could be an advantageous aspect of the facility for the merchants of food and beverages.

Facility Profile

■ It has both standard temperature space and freezer and cold storage space. Demand for the freezer and cold storage functions are expected to be further augmented from now.