Commercial Building Near Kawagoe Station
This reinforced concrete commercial building, constructed in October 1975, is situated in Kawagoe City, Saitama Prefecture. The property has a total floor area of 267.6 square meters (approximately 80.94 tsubo) on a land area of 95.13 square meters (approximately 28.77 tsubo). The building comprises five storeys and features a 1K layout. It is currently tenanted, with all four units occupied as of the survey date. The property is being sold as an owner-change opportunity, with the existing lease agreements to be taken over by the new owner.
The estimated annual rental income is 8,075,688 yen, representing a projected yield of 5% based on the full occupancy assumption. It is important to note that the yield is calculated as the ratio of annual rental income (including common area fees) to the sale price, before deducting taxes and other maintenance costs. The estimated rent and yield are based on market rental rates and assume full occupancy, and future rental income is not guaranteed. The property faces a public road of approximately 13.2 meters on its northeast side. The building coverage ratio is 80%, and the floor area ratio is 600%. The land is designated for commercial use within an urbanization promotion area.
The property is located a 2-minute walk from Kawagoe Station, which is served by the Tobu Tojo Line and the JR Kawagoe Line, providing convenient access to two railway lines. The front road width is over 6 meters. The property is handled by Mitsui Fudosan Realty's Asset Sales Division.
