Luz Omori is located in Ota Ward, the third most populated ward in Tokyo due to its convenient location in commuting to central Tokyo and Yokohama as well as its relatively large area. It is located at the intersection of a traditional shopping street and a retail street with strong shopper traffic that leads directly to the JR Omori Station. Luz Omori, with its large tenant base of service offerings, caters well to families in the residential neighbourhood and complements the retail areas nearby.
The property consists of two basement floors and eight floors above ground. Completed in February 2011, the property comprises a mix of tenants, including a government office and public library, and is one of the few new buildings in the surrounding retail market which generally consists of traditional small single tenant shops at street level. As such, Luz Omori stands out from the rest of the buildings nearby.
Luz Omori is located approximately three minutes’ walking distance from the JR Omori Station, which is along the JR Keihin Tohoku Line, connecting to Shinagawa Station (one of the largest train hubs in Tokyo and a stop for the Shinkansen), Tokyo Station, Yokohama Station and Kawasaki Station.
|Net Lettable Area||9,285.2 sq m|
|Valuation As at 30 June 2017||JPY4,160 million|
|FY2016 Actual Net Property Income (NPI) From 1 July 2016 to 30 June 2017||JPY245.6 million|
|Annual NPI Yield (Based on Actual NPI divided by the purchase price)||7.1%|
|Occupancy Rate As at 30 June 2017||90.8%|
|Weighted Average Lease Expiry As at 30 June 2017||15.7 years|
|Key Tenants||Ota ward, Docomo, Daiso|