Mitsubishi Estate Logistics REIT Investment Corporation



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Logicross Narashino

  • Logicross Narashino1
  • Logicross Narashino2
  • Logicross Narashino3

As of April 15, 2021

Location 2-19-48, Akanehama Narashino, Chiba
Completion date March 9, 2018
Total floor space 36,437.92 m²
Land area 19,386.40 m²
Leasable area (Note 1) 39,132.05 m²
Acquisition price 11,851
Appraisal value (Note 2) 12,400
Appraisal NOI yield 4.3%
Number of tenants (Note 3) 1
Nearest train station Approx. 5 minutes from "Shin-Narashino Station" of the JR Keiyo Line
Major trunk road Approx. 2.0 km from "Yatsu Funabashi IC" on the Higashi-Kanto Expressway
Approx. 3.0 km from "Hanawa IC" on the Keiyo Expressway
Approx. 400 m from National Route 357
(Note 1) As of Feb. 28, 20201. “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 Dec. 1, 2020.
(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 in Akanehama, Narashino in the Chiba Bay Area. Surrounding area is concentrated with factories, logistics facilities, retails and universities. Also, there are many logistics facilities in the neighboring Shibazono area, and Keiyo Food Industrial Complex in Takase, Funabashi, where food-related factories are concentrated.
■Approximately 30 km from Port of Tokyo, approximately 40 km from Narita Airport and Haneda Airport, making it a location with relatively good access to ports and airports.

Facility Profile

■4-story box-type with 2 entrances, and truck berths on both north and south sides of the first floor. As for the vertical transport capabilities, each section of the property is equipped with both luggage and vertical conveyors (4 of each in total).
■Floor weight capacity of 1.5 t/㎡, an effective ceiling height of 5.5 m and a pillar span of 10.45 m x 10.4 m, making it a highly versatile, easy-to-use logistics facility.