Samty Residential Investment Corporation

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C-16S-FORT Chigasaki

Address 22-8 Saiwaicho, Chigasaki-shi, Kanagawa
Access Approx. a two‐minute walk from Chigasaki Station on JR Tokaido Line
Number of rentableunits 36
Construction completed Jan. 2017
Acquisition price 1,137 million yen
Appraised NOI yield 4.8%
Type Single / Compact

Property description

The Property, which has single type units, is located about a two-minute walk from Chigasaki Station on JR Tokaido Line. From Chigasaki Station, it takes approx. 25 minutes to Yokohama Station, and approx. 42 minutes to Shinagawa Station in Tokyo. As such, the area has a good command of access to business areas and commercial areas. With streets lined with condominiums and single-family houses, the area forms a good residential area. In front of the station, there is a concentration of living convenience facilities including financial institutes and commercial stores, etc. As there are medical institutes around Chigasaki and Fujisawa Stations, demand for lease by single-household working adults commuting to nearby facilities and business areas 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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