Mitsubishi Estate Logistics REIT Investment Corporation



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Logicross Nagoya Kasadera

  • Logicross Nagoya Kasadera1
  • Logicross Nagoya Kasadera2
  • Logicross Nagoya Kasadera3

As of April 15, 2021

Location 1-57-2 Higashimatabeecho, Minami-ku, Nagoya, Aichi
Completion date January 8, 2019
Total floor space 72,376.03 m²
Land area 33,224.00 m²
Leasable area (Note 1) 62,289.08 m²
Acquisition price ① 8,705
② 5,719
Sub total:14,424
Appraisal value (Note 2) ① 9,780
② 6,400
Sub total:16,180
Appraisal NOI yield ①4.9%
Number of tenants (Note 3) 10
Nearest train station Approx. 7 minutes from “Kasadera Station” of JR Toukaido Main Line
Approx. 14 minutes from “Oe Station” of Nagoya Railway Tokoname Line
Major trunk road Approx. 1.2 km from “Kasadera IC” of Nagoya Expressway No. 3 Otaka Line
Approx. 3.0 km from “Kiba IC” of Nagoya Expressway No.4 Tokai Line
Approx. 6 km from “Tokai IC” of Isewangan Expressway
Approx. 0.5 km from National Route 23
Approx. 1.5 km from National Route 247
Approx. 0.5 km from National Route 1
(Note 1) As of Feb. 28, 2021. “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) ”Appaisal value” shows the appaisal value stated on the real estate appaisal report as of Feb. 28, 2021 for the initial acquisition of 60%, and as of Dec. 1, 2020 for the additional acquisition of 40%.
(Note 3) As of Feb. 28, 2021. “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

■Located near “Kasadera IC” on the Nagoya Highway No. 3 Odaka Line, allows easy access to the Nagoya Highway No. 4 Tokai Line and the Isewangan Expressway, and close to National Route 23, which crosses the Nagoya Port area, and National Route 247, which crosses from Nagoya City to Tokai City, making it a convenient location for transportation.
■Located in a unique location for logistics facilities within 10 km of the center of Nagoya, it has excellent access to the city of Nagoya, as well as easy access to the Tokyo and Kansai regions via the Isewangan Expressway.
・Easy access to the Nagoya Port, Japan's largest port in terms of total cargo handled, and the Chubu Centrair International Airport can be reached in 35 minutes, making it possible to use the major logistics infrastructure of Aichi Prefecture.

Facility Profile

■It is a multi-tenant logistics facility with access to each floor from a ramp way, and each floor has a floor load of 1.5 t / ㎡, an effective ceiling height of 5.5 m or more, a pillar span of 10 m or more, and LED compatibility throughout the building, which are the latest logistics equipment. The facility is equipped with functions to support business continuity planning (BCP), such as the installation of emergency generators and emergency storage for employees, as well as a parking lot and truck waiting area. The facility has been designated as a tsunami evacuation building that can be used as a temporary shelter for local residents and others in the event of a major tsunami warning.