Oasis Sacramento Terrace: A Prime Investment Apartment Building in Naha, Okinawa
Presenting Oasis Sacramento Terrace, a substantial six-story apartment building with commercial tenant spaces, located in the vibrant city of Naha, Okinawa. This property, listed for sale at 710 million yen, represents a significant investment opportunity with a projected gross yield of approximately 5.68% at full occupancy. The building, constructed in February 2006 (20 years old), is a robust steel-reinforced concrete structure with a flat roof.
The comprehensive agent notes detail the property's specifications. The land area is 1,140.01 sqm (approx. 344.85 tsubo) with a building area of 1,941.30 sqm (approx. 587.24 tsubo). The land is designated as residential land within an urbanization promotion area, zoned for Quasi-Residential and Category 1 Low-Rise Exclusive Residential use, with a building-to-land ratio of 60% and a floor area ratio of 200%. Legal restrictions include the Landscape Act and the Urban Renaissance Special Measures Act. The property fronts a road to the north.
The building comprises a total of 58 units: 3 commercial tenant rooms and 55 apartment rooms. As of the end of December 2025, the occupancy status shows one tenant room and one residential room vacant. At full occupancy, the estimated annual income is approximately 40.35 million yen. Essential utilities include both water supply and sewer systems. The property is conveniently located about a 1-minute walk from the "Kuniba" bus stop. The assigned schools are Nakaima Elementary School (approx. 5-minute walk) and Nakaima Junior High School (approx. 8-minute walk).
Financial details include a fixed asset tax of 2,263,076 yen for Reiwa 7 (2025). The buyer is responsible for ownership transfer registration fees. The brokerage commission is calculated as (Price x 3% + 60,000 yen) + consumption tax. The handover date is negotiable. The tenancy contracts are standard lease agreements, and the transaction is handled under a general intermediary arrangement by Oroku Shokai Co., Ltd.
