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 as well.

With a total floor area of 14,000 sq m, the Property is a two-storey warehouse for multiple tenants. The Property is currently being solely occupied by Nippon Express Co., Ltd., one of the leading Japanese 3PL company servicing a major Japanese food and beverage manufacturer.

As the Property has a large drive-through canopy, which enable tenants to continue operating even in rainy weather or during the rainy season. 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 March 2022 (%) 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 2021 JPY 2,160 million
S$ 24.0 million
Purchase Consideration JPY 1,750 million
S$ 20.7 million
WALE by Occupied NLA as at 31 March 2022 (years) 2.8
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.