Totsu Building Acquires Office Building in Yushima, Bunkyo Ward

Totsu Building has acquired Masu Building, an office building located in Yushima, Bunkyo Ward, Tokyo. The asset is a 46-year-old small- to mid-sized building with six above-ground floors and one basement level. It is a reinforced concrete structure completed in March 1980, with a Gross Floor Area of approximately 260 tsubo (approx. 9,252 sq. ft.).

The property is a five-minute walk from Yushima Station on the Tokyo Metro Chiyoda Line, and is also within walking distance of Ochanomizu Station on the JR lines and Hongo-sanchome Station on the Toei Oedo Line. It is located in a mature office area in northern central Tokyo with access to multiple rail lines.

The Yushima–Ochanomizu area is an education-oriented submarket with a concentration of universities and medical institutions, generating steady demand from small and midsize tenants in professions such as legal and other licensed services, medical-related businesses and education-related businesses. Because opportunities to supply newly built large-scale office buildings are limited, existing small and midsize buildings within walking distance of stations and with a Gross Floor Area of 300 tsubo or less have served as a reception point for this tenant demand. With walkable access to four or more rail lines, this property has a relative competitive advantage in attracting small and midsize tenants in the area.

Key Facts

• Property Name:

  Masu Building

• Buyer:

  Totsu Building Co., Ltd.

• Seller:

  Individual

• Location:

  2-16-10 Yushima, Bunkyo Ward, Tokyo

• Nearest Stations:

  5-minute walk from Yushima Station on the Tokyo Metro Chiyoda Line / 5-minute walk from Ochanomizu Station on the JR Chuo and Sobu lines / 5-minute walk from Hongo-sanchome Station on the Toei Oedo Line

• Completion:

  March 1980

• Number of Floors:

  6F / B1

• Structure:

  Reinforced concrete

• Gross Floor Area:

  Approximately 260 tsubo (approx. 9,252 sq. ft.)

• Elevators:

  1