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Japan Real Estate Insights by estie
Japan Real Estate Insights by estie
Japan Real Estate Insights by estie
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Multifamily
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Marimo Jichihousei REIT to Sell Retail-Residential Asset in Zama City

MultifamilyTransaction

Marimo Jichihousei REIT to Sell Retail-Residential Asset in Zama City

Marimo Asset Management Co., Ltd. decided on March 17, 2026, to transfer its entire quasi-co-ownership interest in Artiza Sobudai, a retail-residential asset located in Zama, Kanagawa Prefecture, for a total of JPY 1,500 million. The transfer will take place in two stages, with a 35% quasi-co-ownership interest (JPY 525 million) to be delivered at the end of June 2026 and the remaining 65% interest (JPY 975 million) at the end of July 2026. The buyer is Plan Do, a company engaged in the sale and consulting of income-producing real estate.

The property is an eight-story reinforced concrete retail-residential building located about a four-minute walk from Sobudaimae Station on the Odakyu Odawara Line, and was completed in February 1993. It has a Gross Floor Area of approximately 1,860 tsubo (approx. 66,188 sq. ft.), a total of 82 units, and maintained an occupancy rate of 97.5% as of the end of December 2025. The investment corporation decided to sell the asset because 33 years have passed since completion and repair costs and capital expenditures are expected to increase going forward.

The suburban rental housing market in Kanagawa Prefecture continues to see firm demand. The prefecture ranks second in Japan after Tokyo in net inbound migration, and the number of households has continued to increase by about 40,000 to 50,000 annually, supported by growth in single-person households.

Key Facts

  • Property Name: Artiza Sobudai

  • Seller: Marimo Asset Management Co., Ltd.

  • Buyer: Plan Do Co., Ltd.

  • Transfer Price: JPY 1,500 million (100% quasi-co-ownership interest)

  • Appraised Value: JPY 1,330 million (as of December 31, 2025; Daiwa Real Estate Appraisal)

  • Capitalization Rate: 4.9%

  • Location: 40-9 Sobudai 2-chome, Zama, Kanagawa Prefecture

  • Nearest Station: Approximately 4 minutes on foot from Sobudaimae Station on the Odakyu Odawara Line

  • Completion: February 1993

  • Number of Floors: 8F

  • Area: Gross Floor Area approximately 1,860 tsubo (approx. 66,188 sq. ft.); Site Area approximately 981 tsubo (approx. 34,893 sq. ft.)

  • Total Units: 82

  • Occupancy Rate: 97.5% (as of the end of December 2025)

  • Annual Rental Revenue: JPY 103 million