marimo Regional Revitalization REIT, Inc.

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Property Details

  • ArtizA Sengen-cho1
  • ArtizA Sengen-cho2
  • ArtizA Sengen-cho3
  • ArtizA Sengen-cho4
  • ArtizA Sengen-cho1
  • ArtizA Sengen-cho2
  • ArtizA Sengen-cho3
  • ArtizA Sengen-cho4
Location 1-19-30 shinmichi,nishi Ward, Nagoya City, Aichi
Acquisition price 495million yen
Appraisal value 517million yen
Appraisal NOI yield 5.1%
Gross floor area 1,161.45㎡
Leasable area 1,093.60㎡
Constructed February 10, 2020

Property descriptions

Located approximately a 3-minute walk from Sengen-cho Station on the Nagoya City Subway Tsurumai Line, the property attracts a certain amount of demand as a residential location in proximity to a station, and it also enjoys good access to the city center since it is only one stop (approximately 2 minutes) from Sengen-cho Station to Marunouchi Station and its office and government district. There are many convenient facilities for residents in the vicinity, including AEON Mall’s Noritake Mori Project (provisional name), located about 800 meters to the southwest, which is scheduled to open in the fall of 2021. Given its convenience for daily living, transportation access, etc., the area is expected to see commensurable rental demand, especially from single-person households.

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