Military Land Investment Opportunity in Okinawa City

This listing presents a unique investment opportunity: a 216 square meter plot of military land located in Ikehara, Okinawa City. The property is part of the Okinawa Training Area, specifically designated for the Japan Ground Self-Defense Force (JGSDF). The land is offered for sale at a price of 2,658,000 JPY.

Critical details from the agent's notes are as follows. The property is classified as military land (軍用地). The special remarks (備考) state: "Military land sale property Okinawa City Aza Ikehara, Okinawa Military Land [JGSDF・Okinawa Training Area 216㎡]. Annual lease fee: 59,084 yen. Multiplier: 45 times. The annual lease fee and fixed asset tax will be prorated and settled at the time of transaction completion. There is no scheduled return (of the land). Details are posted on our company homepage. Please feel free to inquire!!!"

This information is crucial for potential investors. The land generates an annual lease income of 59,084 yen from the government, with a high multiplier of 45, indicating a capitalization rate that reflects the secure, long-term nature of the lease. The notes confirm the lease fee and property taxes are adjusted at closing, and importantly, there is no planned return of the land to the owner, suggesting a stable, ongoing lease arrangement. The land is classified as "miscellaneous land use" (雑種地).

The area of Okinawa City offers a blend of urban convenience and historical significance. An interesting fact is that Okinawa City, formerly known as Koza, developed rapidly around the Kadena Air Base and became a central hub for culture and commerce influenced by the large American presence. The closest major landmark is the Okinawa Prefectural Peace Memorial Museum, a profound site dedicated to the history of the Battle of Okinawa and the promotion of peace, located a short drive away in Itoman City.