Samty Residential Investment Corporation

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A-48S-FORT Higashi-Sapporo Nordo

Address 4-1-10 Kikusui-nanajo, Shiroishi-ku, Sapporo-shi, Hokkaido
Access Approx. a nine minute walk from Higashi Sapporo Station on the Sapporo City Subway Tozai Line
Number of rentableunits 24
Construction completed Feb. 2005
Acquisition price 303 million yen
Appraised NOI yield 5.7%
Type Compact

Property description

The Property, which has compact type units, is about a 9‐minute walk from Higashi Sapporo Station on the Sapporo City Subway Tozai Line. Access to the city center is favorable as it takes about 6 minutes to Odori Station from Higashi Sapporo Station via the Sapporo City Subway Tozai Line, and about 12 minutes to Sapporo Station changing trains to Sapporo City Subway Namboku Line at Odori Station. With streets lined with condominiums and single‐family houses, the area forms a residential area. Since there are shops, a large-scale commercial facility, etc. within walking distance offering daily convenience, demand for lease from DINKS and families commuting to business areas can be anticipated.
With such characteristics, the Property is believed to be relatively highly competitive in the leasing market with areas with comparable supply and demand trends.

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