DPL Okayama Hayashima 2

Completed in October 2017, DPL Okayama Hayashima 2 is positioned within proximity of Sanyo Expressway Hayashima interchange, with easy access to the Okayama area, Osaka area, and Kyushu area.

The property is a two-storey warehouse for multiple tenants. The property is currently solely occupied by Nippon Express Co., Ltd., one of the leading global Japanese 3PL company servicing a major Japanese beverage manufacturer.

The property has a large drive-through canopy in between two warehouse buildings which enable tenants to continue operating even in rainy weather. The property is equipped with LED lighting equipment. There are 60 parking bays.

Summary of Selected Information

Land Address 4466-1, Hayashima, Hayashima-cho, Tsukubogun, Okayama, Japan
Land Tenure Leasehold expiring 30 years from 26 November 20211
Completion Date 30 October 2017
Occupancy as of 31 December 2024 (%) 100.0
Parking Bays 60
Number of Storeys 2
NLA (sq m) 16,750.00
Land Area (sq m) 17,810.75
Valuation as at 31 December 2024 JPY 2,630 million
Purchase Consideration JPY 1,750 million
WALE by GRI as at 31 December 2024 (years) 2.0
Note:
  1. The ordinary land lease automatically renews for a term of 20 years unless otherwise agreed by the parties and lessor will not be able to object to renewal without the justifiable reason.