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 30 June 2023 (%) 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 2022 JPY 2,210 million
Purchase Consideration JPY 1,750 million
WALE by GRI as at 30 June 2023 (years) 1.5
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.