Investment Land with Secure Lease Income in Naha, Okinawa
This listing presents a 145 square meter plot of land located in Kagamizu, Naha City, Okinawa Prefecture. The land is currently leased to the Japan Ground Self-Defense Force (JGSDF) Naha Garrison, providing a stable and secure annual income stream. The property is offered for sale at a price of 32.49 million yen.
Critical agent notes have been provided, which contain essential financial details. The annual lease rent is 649,804 yen. Notably, the standard brokerage commission of 1,138,500 yen is being waived by the seller, making it effectively 0 yen for this transaction. This significant saving means that while the price-to-annual-rent multiple is nominally 50x, the actual effective multiple, after factoring in the waived commission, is approximately 48.25x. The lease payments are prorated and settled daily, and the annual lease rent is guaranteed to increase reliably each year, positioning this as a stable investment opportunity.