Sun Frontier Fudousan Co., Ltd. Sells TERRACE HILL ICHIGAYA in Shinjuku to NKGR Consulting

In March 2025, Sun Frontier Fudousan Co., Ltd. sold the office property “TERRACE HILL ICHIGAYA,” located in Sannai-cho, Shinjuku-ku, Tokyo, to NKGR Consulting Inc. The transaction came just eight months after Sun Frontier acquired the asset in July 2024.

Originally completed in 1989, the property is a reinforced concrete and steel-frame building with one basement and four above-ground floors, offering a gross floor area of approximately 271 tsubo (approx. 9,022 sq. ft.). It is located within a five-minute walk from Ichigaya Station (served by JR Chuo Line and multiple Tokyo Metro lines), and a ten-minute walk from Ushigome-Kagurazaka Station on the Toei Oedo Line, making it highly accessible within central Tokyo.

Currently, the 3rd and 4th floors are available for lease as set-up office space, which appears to have undergone value-add improvements by Sun Frontier. The firm’s average holding period for value-add projects, excluding new developments, is 538 days, suggesting this asset was successfully exited in a shorter-than-usual time frame.

The buyer, NKGR Consulting Inc., is based in Osaka and specializes in consulting services for hospitals and nursing care facilities. The company has previously made acquisitions in Tokyo’s central districts, including the purchase of REXIED Ebisu in September 2022.

Key Facts

• Property Name: TERRACE HILL ICHIGAYA

• Buyer: NKGR Consulting Inc.

• Seller: Sun Frontier Fudousan Co., Ltd.

• Transaction Price: Undisclosed

• Location: 29-3 Ichigaya Sannai-cho, Shinjuku-ku, Tokyo

• Nearest Stations:

  • Ichigaya Station (JR Chuo Line, Tokyo Metro) – approx. 5 min walk

  • Ushigome-Kagurazaka Station (Toei Oedo Line) – approx. 10 min walk

• Completion: July 1989

• Number of Floors: 4F / B1

• Gross Floor Area: Approx. 271.9 tsubo (approx. 9,022 sq. ft.)