Japan Excellent Acquires Urawa SH Building in Saitama for JPY 1.76 Billion

Japan Excellent announced the acquisition of the Urawa SH Building, an office property located in Kishicho, Urawa-ku, Saitama City, for JPY 1.76 billion in October 2025.

The property is a five-minute walk from JR Urawa Station, offering excellent accessibility. The area benefits from strong office demand supported by a concentration of government offices and ongoing redevelopment projects. The building has a typical floor plate of approximately 170 tsubo (approx. 5,620 sq. ft.) and a total leasable area of about 790 tsubo (approx. 26,100 sq. ft.). It is equipped with 16 mechanical parking spaces and can accommodate multi-tenant layouts to meet diverse leasing needs.

Although the building was completed in 1983, it maintained 100% occupancy as of the end of September 2025, with a projected NOI yield of 4.6%. Following the acquisition, Sekisui House, Ltd. will handle both property management and master lease operations.

Key Facts

• Property Name: Urawa SH Building

• Buyer: Japan Excellent Asset Management Co., Ltd.

• Seller: Not disclosed

• Transaction Price: JPY 1.76 billion

• Location: 4-26-15 Kishicho, Urawa-ku, Saitama City, Saitama Prefecture

• Nearest Station: JR Keihin-Tohoku Line, Ueno-Tokyo Line, and Shonan-Shinjuku Line “Urawa” Station – 5 min walk

• Completion: December 1983

• Number of Floors: 5F / B1

• Gross Floor Area: approx. 1,332 tsubo (approx. 44,000 sq. ft.)