Samty Residential Investment Corporation

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A-36S-FORT Kitamaruyama

Address 20-2-20 Kita-4jo-Nishi, Chuo-ku, Sapporo-shi, Hokkaido
Access Approx. a one minute walk from Sanno 1-chome Bus stop., Nishitetsu Bus
Approx. a 11 minute walk from Nishi 18chome Station on Subway Tozai Line
Number of rentableunits 49
Construction completed Oct. 2007
Acquisition price 425 million yen
Appraised NOI yield 5.5%
Type Compact

Property description

The Property, which has compact type units, is located about a one-minute walk from Kita-5jo-Nishi-20chome Bus stop on JR Hokkaido Bus, and about eleven-minute walk from Nishi-18chome Station on Subway Tozai Line. From Nishi-18chome Station, it takes approx. 4 minutes by Subway Tozai Line to Odori Station, and approx. 10 minutes to Sapporo Station. As such, the Property commands excellent access to business and commercial areas. The area is located in the northeastern part of Maruyama District, where greenery and cultural affairs can be enjoyed at Hokkaido Shrine, Hokkaido Museum of Modern Art and Mayor’s Official Residence, etc. and there is a concentration of condominiums, restaurants and office buildings in the vicinity, forming a district of commercial facilities and residents lining the streets. As it is possible to reach Sapporo Station by bicycle, etc. in about 10 minutes, demand for lease from single-household working adults and DINKS commuting to business areas can be anticipated.
With such characteristics, the Property is believed to have a relatively high level of competitiveness in the leasing market with areas with comparable supply and demand trends.

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