Thursday, June 10th, 2010
Dear Investors:
An office building by essay on isaac newtonis now for sale. Please refer to our blog on March 25th titled ‘a bargain property in Tokyo – an office building by Sumida River for sale’. Actually, the office building which we would like to introduce to you this time is just one block east of this building and is on Eitai Street. Its details are:
Address: 1, Saga, Koto-ku, Tokyo
Zoning: commercial
Coverage: 100%
FAR: 600%
Land: 606.91 square meters
Floor area: 3,982.43 square meters
Use: office, parking
Structure: RC / 8 stories + 1-story penthouse
Year built: 1988
Current operation rate: 7/8
Current monthly return: 7,051,290 yen
Current monthly return (parking): 334,000 yen
Current monthly utility fees: 2,705,780 yen
Asking price: 1,800,000,000 yen
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Current tenants include a world’s famous manufacuring company and another famous manufacturing company’s subsidiary. We think that it is a very positive aspect of the property for investment.
Please let us know, if you are interested in the property or need any further information about it.
Best regards,
Minato Asset Management
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