MFLP Mitsui Fudosan Logistics Park Inc. Development / Operation Track Record
4 Appendix
Our portfolio 1/2 (After the anticipated acquisitions)
Total (anticipated) acquisition price
Adjusted forecast NOI yield
Appraisal NOI / Appraisal value
30 properties 389.8 billion yen
4.8% (after depreciation 3.1 %)
4.0 %
Adjusted
Average building age
6.2 years
MFLP Mitsui Fudosan
Logistics Park Inc.
Occupancy rate
99.8%
Category
Proper
ty no.
Property name
Location
(Anticipated)
acquisition
price
Appraisal
forecast
(million yen)
Value*
(million yen)
NOI yield
Appraisal
NOI yield*
(%)
(%)
Appraisal
NOI /
Appraisal
value (%)
Gross floor
area
Total leasable
Building Occupanc
*1
floor area*2
(m)
(m)
age
(years)
y rate
(%)
GLP/MFLP Ichikawa
L-1
Shiohama
Ichikawa,
Chiba
105,019
15,500
20,000
4.9
4.8
3.7
50,813
9.5
100
(52,509)
(50% quasi co-ownership interest)
L-2
MFLP Kuki
Kuki, Saitama
12,500
15,700
5.7
5.1
4.0
73,153
67,925
9.1
100
MFLP Yokohama Daikoku
Yokohama,
100,530
L-3
10,100
11,500
5.3
4.8
4.3
47,939
14.3
100
(50% quasi co-ownership interest)
Kanagawa
(50,265)
L-4
MFLP Yashio
Yashio, Saitama
9,650
12,000
5.4
4.9
4.0
40,728
39,692
9.4
100
L-5
MFLP Atsugi
Aiko, Kanagawa
7,810
10,400
5.8
5.5
4.1
40,942
40,958
8.4
100
L-6
MFLP Funabashi Nishiura
Funabashi, Chiba
6,970
8,500
5.3
5.1
4.2
30,947
31,034
8.5
100
L-7
MFLP Kashiwa
Kashiwa, Chiba
6,300
8,130
5.6
5.3
4.1
31,242
31,291
7.7
100
L-8
MFLP Sakai
Sakai, Osaka
23,600
28,200
5.4
4.9
4.1
125,127
112,148
8.9
100
L-9
MFLP Komaki
Komaki, Aichi
8,260
9,030
4.6
4.6
4.2
40,597
38,806
6.5
100
MFLP Hino
205,200
Logistics
facilities
L-10
Hino, Tokyo
12,533
14,100
4.7
4.2
3.7
46,801
7.8
100
(25% quasi co-ownership interest)
(51,300)
Hiratsuka,
L-11
MFLP Hiratsuka
7,027
8,410
5.0
4.8
4.0
33,061
33,055
6.7
100
Kanagawa
L-12
MFLP Tsukuba
Existing
building
Annex
building
37,027
Tsukubamirai,
Ibaraki
8,781
11,300
55
37,938
13.1
5.5
5.7
4.5
100
25,457
25,600
5.3
L-13
MFLP Inazawa
Inazawa,
Aichi
16,200
19,300
4.8
4.9
4.1
72,883
68,922
6.2
100
L-14
MFLP Atsugi II
Isehara, Kanagawa
13,100
15,600
4.7
4.5
3.8
48,976
48,032
5.3
100
L-15
MFLP Fukuoka |
Kasuya,
5,263
6,360
5.6
5.1
4.2
32,199
32,216
6.8
100
Fukuoka
MFLP Prologis Park
L-16
Kawagoe
Kawagoe,
14,800
17,850
444
117,337
4.4
4.6
3.8
56,723
4.8
Saitama
(58,668)
889
94.2
(50% quasi co-ownership interest)
L-17
MFLP Hiroshima I
Hiroshima,
14,480
16,500
5.3
5.0
4.4
68,427
66,665
3.9
100
Hiroshima
3
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