CRE Logistics REIT, Inc.

Securities Code: 3487

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LogiSquare Chitose

  • LogiSquare Chitose1
Location 1007-281 Izumisawa,Chitose-shi, Hokkaido
Access Approximately 2.4 km from the New Chitose Airport IC (Do-O Expressway)
Structure S, 1F, alloy plated steel sheet roof
Appraisal NOI yield 6.6%
Acquisition price 1,300 million yen
Appraisal value 1,530 million yen
Total floor area 19,760.00 m²
Total leasable area 19,760.00 m²
Tenants Undisclosed
Lease type Fixed-term building lease
Lease period Undisclosed
Completion date November, 2017

Property Features

■The property has excellent access to the New Chitose Airport and is a balanced strategic base for air, marine and land transportation because it can be a relay point between Sapporo and Tomakomai Port, a central international port handling the largest volume of marine cargo in Hokkaido, via the Do-O Expressway.
■Because the property is a high-floored single-story building with truck berths on both the east and west sides, a total of 64 heavy trucks can park and load at the same time. It has also secured a holding area for 80 heavy vehicles on site.
■As a part of specifications for cold regions, the property includes antifreezing equipment such as road heating and drainpipe duct heaters using hot-water pipes. It also uses well-insulated sandwich panels and resin window sashes (with argon gas-filled low-e double pane glass).

Related Press Releases

June 29, 2020
Notice Concerning Acquisition of Trust Beneficiary Rights to Real Estate in Japan and LeasingPDF(PDF:396KB)

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