Japan Metropolitan Fund Investment Corporation
Notice on Acquisition of Domestic Real Estate【m-City Toda Park】
Acquired NSC-format commercial facility m-City Toda Park near Toda Park, Tod. Acquisition price 4,869 million yen, appraised value 5,800 million yen. Post-acquisition NOI yield is 4.5% on actual, aiming for 5.5% in the future. Rent increases are already agreed from spring 2027 onward, anticipating improved long-term profitability.
Key Figures
- Acquisition cost: 4,869 百万円（Acquisition date: 2026-08-26、Planned acquisition date: 2026-10-01）
- Appraised value: 5,800 百万円（Appraisal date: 2026-08-01）
- NOI: 268 百万円（Appraisal-based）
- NOI yield: 5.5%（After depreciation NOI yield 4.8%）
- Total rental income: 248 百万円/年
AI要約
Acquisition overview
This investment trust will acquire the NSC-format commercial facility 'm-City Toda Park' located about a 10-minute walk from Toda Park Station. Acquisition price is 4,869 million yen, appraised value is 5,800 million yen. Rent increases from spring 2027 onward are already secured, and actual NOI yield stands at 4.5%, ensuring stable income. In the long term, by rent adjustments and tenant replacements, the aim is to improve NOI yield to around 5.5%. Future sale potential and additional asset value enhancement are also being considered.
Outlook and risks
This property acquisition was decided in August 2026 and is scheduled to be acquired on October 1, 2026; impact on the operation period and the most recent 2026 fiscal year is expected to be limited. Under a forward commitment, a termination penalty equivalent to 20% of the acquisition price is defined as the payment condition. By future population trends and rent adjustments for tenants, the aim is to secure long-term cash flow stability and enhance asset value.
Nihon toshi Fando Investment Corporation
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