Friday, December 11th, 2009
Dear International Investors,
I surveyed a 350,000,000 yen building in front of Musashiseki station of Seibu Shinjuku Line.
Its main features are as follows:
Location: 2, Sekimachi-kita, Nerima-ku (1-min walk to Sekimachikita station)
Land: 502.53 sqmeters:
Floor area: 1,288.35 sq. meters
Structure: steel / 7 stories above ground + 1 story underground
Built in: 1991
Current Annual Return: 39,680,304 yen
Yield: 11.34 %
– proximity to a train station (less than 1 minute)
– good tenants (i.e. 4 out of 7 occupants are medical experts)
– difficult to determine whether or not some tenants will be profitable
– the building’s and land’s shapes are irregular
Please let me know, if you are interested in this property.