Mitsubishi Estate Logistics REIT Investment Corporation

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Portfolio Details

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MJ Logipark Funabashi 2

  • MJ Logipark  Funabashi 21
  • MJ Logipark  Funabashi 22
  • MJ Logipark  Funabashi 23

As of February 29, 2024

Location 3-2-3, Hamacho, Funabashi, Chiba
Completion date February 28, 2022
Total floor space 19,219.10 m²
Land area 6,314.44 m²
Leasable area (Note 1) 19,219.10 m²
Acquisition price 4,880 million yen
Appraisal value 6,530 million yen
Appraisal NOI yield 5.3%
Number of tenants (Note 2) 1
Nearest train station A 17-minute walk from Minami-Funabashi Station of the JR Keiyo Line (approximately 1.3km)
Major trunk road Approx. 1.5 km to the National Route 357
Approx. 1.5 km from "Yatsu-Funabashi IC" of the Higashi-Kanto Expressway
Approx. 2.5 km from "Hanawa IC" 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

■Location in the Chiba waterfront area, surrounded by warehouses and manufacturing plants
■Access to major expressways and artery roads that meets needs for wide-area delivery coverage

Facility Profile

■A 5-story above ground multi-tenant box type logistics facility
■Corner location enables flexible access from both north and east entrances; there is sufficient transporting capacity with 2 cargo elevators and 4 vertical conveyors

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