Investment Property in Sakata, Yamagata – Leased to a Listed Company
This property, located in Asuka, Sakata City, Yamagata Prefecture, is currently generating a stable income. The land spans approximately 70 tsubo (about 231 square meters), and the building, a wooden structure, covers roughly 10 tsubo (about 33 square meters). Constructed in 1999 (Heisei 11), the property underwent a renovation in 2020 (Reiwa 2), which included the installation of a new unit bath, kitchen, flooring, and a toilet with a washlet.
The building is currently leased to a listed company for use as an office, providing a monthly rental income of 40,000 yen. The lease is long-term, with a total expected recovery of the investment over 93 months. A rental guarantee contract is already in place. The property is currently operating at a 13% annual yield, offering potential for stable, long-term income.
The owner is selling this income-generating property due to health concerns. The sale includes the old building on the land. The transaction is on an as-is basis and will be handled as a sale based on the official registry. The asking price is 3,850,000 yen.
