Ookini Building Acquires Retail/Office Building Near Shinsaibashi in Osaka

Ookini Building has acquired Karetani Building, located in Minamisenba 3-chome, Chuo Ward, Osaka, from Bylink. The asset is a retail/office building located a four-minute walk from Shinsaibashi Station on the Osaka Metro Midosuji Line.

The property is a four-story steel-frame building completed in March 1989, with a Gross Floor Area of approximately 68 tsubo (approx. 2,420 sq. ft.). It is also a six-minute walk from Hommachi Station and a six-minute walk from Nagahoribashi Station, placing it at a transportation hub served not only by the Midosuji Line but also by the Sakaisuji Line and the Nagahori Tsurumi-ryokuchi Line.

Buyer Ookini Building is headquartered in Chuo Ward, Osaka, and operates more than 60 income-producing properties in the Kansai region. The company appears to focus primarily on a value-add investment strategy centered on renovating and repositioning existing buildings and apartments. Seller Bylink is a specialized firm engaged in transactions involving income-producing real estate, primarily investment-oriented retail and office assets, across five locations in the Kanto and Kansai regions.

Key Facts

• Property Name:

  Karetani Building

• Buyer:

  Ookini Building Co., Ltd.

• Seller:

  Bylink Co., Ltd.

• Location:

  3-10-1 Minamisenba, Chuo Ward, Osaka, Osaka Prefecture

• Nearest Station:

  Shinsaibashi Station on the Osaka Metro Midosuji Line, 4-minute walk

• Completion:

  March 1989

• Number of Floors:

  4F

• Gross Floor Area:

  Approximately 68 tsubo (approx. 2,420 sq. ft.)