Masuya Asset Partners Sells “CASA BLOCCO Kitasedo” in Tokyo’s Ota Ward

Masuya Asset Partners has sold the rental apartment building “CASA BLOCCO Kitasedo” located in Ota Ward’s Kitasedo 2-chome. The buyer is MID LLC. The property has changed hands twice within just three years of its completion, underscoring the high liquidity seen in small-scale residential assets.

The building is a four-story reinforced concrete structure completed in June 2022, with a Gross Floor Area of approx. 31 tsubo (approx. 1,100 sq. ft.) and 11 units. It is a 3-minute walk from Tokyu Oimachi Line’s Kitasenzoku Station. The developer, ONE DROP REALTY (Minato Ward), focuses on real estate liquidation and provides consulting services for individual investors. Shortly after completion in November 2022, the property was sold to Masuya Asset Partners in December 2023.

Founded in 1897, Masuya Asset Partners originally operated in fuel and building materials sales before shifting to real estate investment. In recent years it has been active in acquiring and developing income-producing assets in central Tokyo, including mid-size building projects such as Masunosquare Tachikawa near Tachikawa Station’s south exit. The latest divestment, following approximately 1 year and 9 months of ownership, suggests the firm secured a reasonable capital gain as part of an exit strategy for a relatively new property.

Key Facts

• Property Name: CASA BLOCCO Kitasedo

• Seller: Masuya Asset Partners Co., Ltd.

• Buyer: MID LLC

• Transaction Price: Not disclosed

• Location: 2-23-17 Kitasedo, Ota-ku, Tokyo

• Nearest Station: Kitasenzoku Station (Tokyu Oimachi Line), 3-minute walk

• Completion: June 2022

• Number of Floors: 4F

• Structure: Reinforced concrete

• Gross Floor Area: approx. 31 tsubo (approx. 1,100 sq. ft.)

• Total Units: 11 units