Mitsubishi Estate Logistics REIT Investment Corporation



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MJ Logipark Tsuchiura 1

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As of February 28, 2021

Location 20-27 Harayama, Hongo Tsuchiura, Ibaraki
Completion date October 30, 2014
Total floor space 15,485.00 m²
Land area 22,914.37 m²
Leasable area (Note 1) 15,485.00 m²
Acquisition price 3,133
Appraisal value 3,420
Appraisal NOI yield 5.3%
Number of tenants (Note 2) 1
Nearest train station Approx. 8.1 km from "Kandatsu Station" of the JR Joban Line
Major trunk road Approx. 3.0 km from "Tsuchiura Kita Interchange" of the Joban Expressway
Approx. 1.5 km from Route 125
(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

■With excellent access to the Ken-o Expressway, the Joban Expressway and Route 125, this location offers distribution coverage across the Tokyo Metropolitan area as well as the consumption area in Tokyo.
■The location also offers a favorable operational environment, in which 24-hour operation is available over the long term without concerns over complaints from local residents, as the property is located in Higashi Tsukuba Niihari Industrial Park and in the exclusive industrial district.

Facility Profile

■The two entrances on the premises enable efficient operation, while the parking lot with 90 parking spaces, including those for employees only, provides sufficient space.