Samty Residential Investment Corporation

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  3. S-FORT Funabashi Tsukada

C-19S-FORT Funabashi Tsukada

Address 2-39-1 Kitahoncho, Funabashi-shi, Chiba
Access Approx. a six‐minute walk from Tsukada Station on Tobu Noda Line
Number of rentableunits 117
Construction completed Mar. 2008
Acquisition price 1,900 million yen
Appraised NOI yield 5.0%
Type Compact

Property description

The Property, which has family type units, is located about a six-minute walk from Tsukada Station on Tobu Noda Line. From Tsukada Station, it takes approx. 4 minutes to Funabashi Station, and approx. 30 minutes to Tokyo Station. As such, the area has a good command of access to business areas and commercial areas. The area forms a good residential district with its streets lined with condominiums and single-family houses. As there is a concentration of large-scale stores and restaurants around the area, and also a department store and large-scale logistics facilities near Funabashi Station offering a living convenience facilities, demand for lease by single-household working adults commuting to the business areas, DINKS and family-households 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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