Samty Residential Investment Corporation

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B-21S-FORT Esaka Tarumicho

Address 3-5-13 Tarumicho, Suita-shi, Osaka
Access Approx. a ten minute walk from Esaka Station on the Osaka Midosuji Line
Number of rentableunits 48
Construction completed Nov. 2016
Acquisition price 774 million yen
Appraised NOI yield 5.0%
Type Single

Property description

The Property, which has single type units, is about a 10‐minute walk from Esaka Station on the Osaka Metro Midosuji Line. From Esaka Station via the Midosuji Line, trips to major business areas and commercial areas without changing lines are possible (about 5 minutes to Shin Osaka Station, about 11 minutes to Umeda Station and about 20 minutes to Namba Station), offering excellent access to the city center. With streets lined with condominiums, shops, etc., the area forms a district where residences and commercial facilities gather together. As there are many commercial facilities and shops in the vicinity of the station offering daily convenience, demand for lease from single‐household working adults commuting to business areas can be anticipated.
With such characteristics, the Property is believed to be competitive in the leasing market with areas with comparable supply and demand trends.

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