Parking Garage Investment Property in Chofu, Tokyo
This is an owner-change commercial parking garage property located in Chofu, Tokyo. The property consists of 12 indoor parking spaces, all of which are currently rented out. Each space generates a monthly rent of 20,000 yen, resulting in an expected annual rental income of 2,880,000 yen when fully occupied. The estimated gross yield at full occupancy is 9.29%.
The building is a reinforced concrete (RC) structure, built in April 1984, with 7 floors above ground and 1 basement level. The unit for sale is on the first floor. The total land area is 3,828.66 square meters, and the building area is 177.06 square meters. The property includes parking for three vehicles and has a full-time daytime building manager.
The property is located in Chofugaoka 1-chome, Chofu City, Tokyo, approximately an 11-minute walk from Chofu Station on the Keio Line and Keio Sagamihara Line, and a 15-minute walk from Fuda Station. The area is designated as a semi-industrial zone within an urbanization promotion area. The land is owned under freehold title. The property can be delivered immediately.
