Izumisano Shofudai (Land with leasehold interest)

Izumisano Shofudai
(Land with
leasehold interest)

Izumisano Shofudai (Land with leasehold interest)1

information

S-36

Location
1138-1, Shofudai 1-chome, Izumisano-shi, Osaka
Acquisition Price (mn Yen)
2,625
Date Acquired
Sep. 28. 2011
Land Size
44,009.52m2
Number of Tenants
2
Occupancy Ratio
100%
Major Tenant
Keiyo D2, Okuwa

The property is set up as large-scale commercial use land with tenants that include OKUWA, a community-based supermarket chain based in Wakayama, which operates approximately 172 stores (as of April 1, 2014) in Nara, Osaka, Mie, Hyogo, Aichi,Shizuoka and Gifu Prefectures as well as Keiyo D2, a major home center chain operator based in Chiba, which operates approximately 180 stores (as of February 28, 2014) in an extensive area of Japan from Miyagi Prefecture to Hyogo Prefecture. OKUWA, which operates locally based supermarkets and attracts many customers, and Keiyo D2, as there are no other home centers within a 3 km radius, can be expected to mutually benefit from each other as neighboring tenants, thus there is a very high likelihood that both tenants will continue with their leases for many years.

Income

Please refer to "Performance by Property (xls)"

Map

S-36

Izumisano Shofudai
(Land with
leasehold interest)

Location
1138-1, Shofudai 1-chome, Izumisano-shi, Osaka
Acquisition Price (mn Yen)
2,625
Date Acquired
Sep. 28. 2011
Land Size
44,009.52m2
Number of Tenants
2
Occupancy Ratio
100%
Major Tenant
Keiyo D2, Okuwa
Izumisano Shofudai (Land with leasehold interest)