Mitsubishi Estate Logistics REIT to Acquire Logistics Facility in Daito, Osaka, for JPY 3.1 Billion
Mitsubishi Estate Logistics REIT Investment Corporation announced on July 22, 2026, that it will acquire MJ Logipark Daito 1, a logistics facility in Daito, Osaka Prefecture. The planned acquisition price is JPY 3.1151 billion, and the acquisition will take place on July 24 of the same year. The seller is a domestic general business company.
The property is located inland within a 10-km radius of Umeda in central Osaka. About 2 km from the Daito-Tsurumi IC on the Kinki Expressway and about 2.5 km from the Daini-Keihan Kadoma IC on the Daini-Keihan Road, it offers easy access toward Kyoto in addition to delivery to central Osaka. Warehouses and factories are concentrated nearby, making it an environment also suited to 24-hour operation of logistics facilities.
Completed in August 2022, the four-story building has a gross floor area of approximately 3,494 tsubo (approx. 124,300 sq. ft.). In addition to truck berths that can accommodate seven vehicles across two sides, it is equipped with two freight elevators and two vertical conveyors, giving it specifications capable of meeting a wide range of logistics needs. Ronko Japan uses the entire building, and the occupancy rate was 100% as of the end of June 2026.
The appraisal value is JPY 3.99 billion and the appraisal NOI yield is 5.0%, with the planned acquisition price approximately 21.9% below the appraisal value.
The investment corporation also made an additional investment in a logistics facility in Minato Ward, Nagoya City, through a bridge fund in March 2026, advancing property acquisitions by leveraging Mitsubishi Estate's sponsor pipeline as well as the asset manager's own sourcing routes (see related article: Mitsubishi Estate Logistics REIT Acquires Additional Interest in Nagoya Minato Logistics Facility).
Key Facts
- Property Name: MJ Logipark Daito 1
- Buyer: Mitsubishi Estate Logistics REIT Investment Corporation
- Seller: Undisclosed (domestic general business company)
- Transaction Form: Trust beneficiary interest
- Contract Date: July 22, 2026
- Planned Acquisition Date: July 24, 2026
- Planned Acquisition Price: JPY 3.1151 billion
- Appraisal Value: JPY 3.99 billion (June 30, 2026, Japan Real Estate Institute)
- Appraisal NOI Yield: 5.0%
- Location: 3-7-1 Goryo, Daito City, Osaka
- Nearest Interchanges: Daito-Tsurumi IC on the Kinki Expressway (2 km) / Kadoma IC on the Kinki Expressway (3.2 km) / Daini-Keihan Kadoma IC on the Daini-Keihan Road (2.5 km)
- Completion: August 2022
- Number of Floors: 4F (steel-frame construction)
- Area: Site area of approximately 1,688 tsubo (approx. 60,100 sq. ft.) / Gross Floor Area of approximately 3,494 tsubo (approx. 124,300 sq. ft.)
- Number of Tenants: 1
- Main Tenant: Ronko Japan Co., Ltd.
- Occupancy: 100.0%
- Property Management Company: CRE, Inc.
