Samty Residential Investment Corporation

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A-37S-FORT Hakata-Higashi I

Address 1-10-7 Enokida, Hakata-ku, Fukuoka-shi, Fukuoka
Access Approx. a nine minute walk from Higashi-Hie Station on Fukuoka City Subway Kuko Line
Number of rentableunits 35
Construction completed Feb. 2003
Acquisition price 389 million yen
Appraised NOI yield 5.3%
Type Single / Compact

Property description

The Property, which has single and compact type units, is about nine-minute walk from Higashi-Hie Station on Fukuoka City Subway Kuko Line. From Higashi-Hie Station, it takes approx. 3 minutes to Hakata Station, and approx. 8 minutes to Tenjin Station. As such, the area has a good command of access to business areas and commercial areas. With streets lined with condominiums and stores, etc. as well as airport-related facilities and logistics facilities, the area forms a district where workplaces and residences gather together. As there is a concentration of living convenience facilities such as supermarkets and restaurants, etc. in the vicinity within walking distance, demand for lease by single-household working adults and DINKS commuting to nearby airport-related facilities and 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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