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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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Sun Frontier Fudousan Co., Ltd. Sells Office Building Near Hamacho Station in Central Tokyo

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Sun Frontier Fudousan Co., Ltd. Sells Office Building Near Hamacho Station in Central Tokyo

Sun Frontier Fudousan Co., Ltd. Sells Office Building Near Hamacho Station in Central Tokyo

In March 2025, Sun Frontier Fudousan Co., Ltd. sold the office building “Biz Feel Higashi-Nihonbashi” located in Nihonbashi Hisamatsucho, Chuo-ku, Tokyo, to Meiki & Company., Ltd., a company headquartered in Takatsuki City, Osaka Prefecture.

The property is a compact, steel-framed building completed in August 1991, with a total of nine above-ground floors and a gross floor area of approximately 230 tsubo (approx. 7,600 sq. ft.). Each floor offers about 26 tsubo (approx. 860 sq. ft.), and the building is well-situated within walking distance of two subway lines—just a 2-minute walk from Hamacho Station on the Toei Shinjuku Line and 4 minutes from Higashi-Nihonbashi Station on the Toei Asakusa Line.

Despite being over 30 years old, the building’s regular, column-free floor plates and steel structure provide sufficient flexibility for future repositioning or upgrades without requiring structural overhauls. These features offer upside potential through rent increases via repurposing or value-add renovations.

Sun Frontier Fudousan Co., Ltd. had owned the asset for approximately 16 months, during which it carried out value-add improvements by converting part of the space into setup offices. The building is currently believed to be fully occupied, including tenants with lease commitments.

The broader Chuo-ku market for small to mid-sized office buildings built before 1999 and under 1,000 tsubo (approx. 33,000 sq. ft.) is showing signs of recovery. According to estie market research, vacancy rates—once peaking at around 6.5% during the pandemic—have recently declined to 4.6%, with rents also on a slight upward trend.

Sun Frontier Fudousan Co., Ltd. continues to actively invest in the Chiyoda and Chuo areas, and a number of assets are expected to reach their exit stage in the coming years.

Key Facts

  • Property Name: Biz Feel Higashi-Nihonbashi

  • Buyer: Meiki & Company., Ltd.

  • Seller: Sun Frontier Fudousan Co., Ltd.

  • Transaction Price: Undisclosed

  • Location: 9-8 Nihonbashi Hisamatsucho, Chuo-ku, Tokyo

  • Nearest Stations:

    • Hamacho Station (Toei Shinjuku Line) – approx. 2 min walk

    • Higashi-Nihonbashi Station (Toei Asakusa Line) – approx. 4 min walk

  • Completion: August 1991

  • Number of Floors: 9F

  • Gross Floor Area: Approx. 230 tsubo (approx. 7,600 sq. ft.)

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