Open House Real Estate Acquires Office Building in Osaka’s Yodogawa Ward

Open House Real Estate acquired Dai 10 Shin-Osaka Ekimae Murahashi Building, an office building in Nishinakajima, Yodogawa Ward, Osaka, in March 2026. The seller was K&A Asset.

The property is a nine-story building with two basement levels, completed in 1993. It is located in the south exit area of Shin-Osaka Station, a four-minute walk from Nishinakajima-Minamigata Station on the Osaka Metro Midosuji Line and a five-minute walk from Shin-Osaka Station on the JR lines and Osaka Metro Midosuji Line. The surrounding area includes a mix of offices and hotels, with a larger concentration of older small and midsize buildings than the area north of Shin-Osaka Station.

Average asking rents for office buildings within a 10-minute walk of Shin-Osaka Station with typical floor plates of less than 50 tsubo (approx. 1,800 sq. ft.) have been trending upward across the area, although the gap by completion period is widening. As of May 2026, properties completed between 2001 and 2010 reached the JPY 12,000-per-tsubo range, while properties completed in the 1990s, including this property, remained in the low JPY 10,000-per-tsubo range, according to research by the editorial team based on estie Office Research.

Open House Real Estate is a wholly owned subsidiary of Open House Group, with a primary business of acquiring, value-enhancing and reselling income-producing properties. The company has continued to acquire older small and midsize properties recently, including a retail building near Asakusa Station and a rental apartment property in Shinsakae, Nagoya. （see related article:Open House Real Estate Acquires “HK Asakusa Building,” a Retail Property in Asakusa, Taito Ward, Open House Real Estate Acquires Rental Apartment Building in Nagoya’s Shinsakae Area）

Key Facts

• Property Name: Dai 10 Shin-Osaka Ekimae Murahashi Building
• Buyer: Open House Real Estate Co., Ltd.
• Seller: K&A Asset Co., Ltd.
• Location: 5-2-12 Nishinakajima, Yodogawa Ward, Osaka, Osaka Prefecture
• Nearest Stations: Four-minute walk from Nishinakajima-Minamigata Station on the Osaka Metro Midosuji Line / five-minute walk from Shin-Osaka Station on the JR lines and Osaka Metro Midosuji Line
• Completion: June 1993
• Number of Floors: 9F / B2, steel-reinforced concrete structure
• Gross Floor Area: Approximately 315 tsubo (approx. 11,200 sq. ft.)