Samty Residential Investment Corporation

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  3. S-FORT Aoba Kamisugi

A-42S-FORT Aoba Kamisugi

Address 1-16-28 Kamisugi, Aoba-ku, Sendai-shi, Miyagi
Access Approx. a ten minute walk from Kita-4bancho Station on Sendai City Subway Nanboku Line
Number of rentableunits 66
Construction completed Oct. 2007
Acquisition price 918 million yen
Appraised NOI yield 5.7%
Type Compact

Property description

The Property, which has compact type units, is about ten-minute walk from Kita-4bancho Station on Sendai City Subway Nanboku Line. From Kita-4bancho Station, it takes approx. 5 minutes to Sendai Station. As such, the area has a good command of access to business areas and commercial areas. With streets lined with office buildings and condominiums, the area forms a district where residences, workplaces and commercial facilities gather together. Around the area, there is a concentration of government offices including Sendai City Office and Prefectural Government Office, etc., and the area surrounding Kita-4bancho Station forms a business area where the streets are lined with office buildings. As there are living convenience facilities such as stores in the vicinity within walking distance, demand for lease by single-household working adults commuting to the business area and DINKS can be anticipated.
With such characteristics, the Property is believed to have a high level of competitiveness in the leasing market with areas with comparable supply and demand trends.

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