Logistics consists of distribution centers (distribution centers) that serve as transport and transportation hubs.This column explains the costs of distribution centers and land, which have a large distribution cost ratio.
In Sagamihara City, Kanagawa PrefectureWhen building a new distribution center with a site of 3,000 tsubo and a total floor area of 1,800 tsubo (one-story), the estimated total budget for the entire project is approximately 2.3 billion to 3.9 billion yen.It becomes.We will explain the breakdown of "land purchase costs" and "building/construction related costs" at this time, as well as a rough simulation.
This is a guideline for land acquisition unit prices in industrial areas and semi-industrial areas (including areas around interchanges) in Sagamihara City.
| Area/conditions | Approximate price per tsubo of land | Total acquisition amount of 3,000 tsubo |
|---|---|---|
| Suburbs/inland areas(Midori Ward, etc./Area a little far from the IC) | 350,000 to 450,000 yen / tsubo | 1.05 billion to 1.35 billion yen |
| standard industrial area(Chuo Ward/Minami Ward/along national highways, etc.) | 450,000 to 550,000 yen / tsubo | 1.35 billion to 1.65 billion yen |
| Good location(Close to Hashimoto IC, Sagamihara IC, etc. on the Ken-O Expressway) | 550,000 to 650,000 yen / tsubo | 1.65 billion to 1.95 billion yen |
Locations with good access to the Ken-O Expressway (Sagami Jukan Road) have high demand for logistics, and we see many transactions of 500,000 yen or more per tsubo.
The unit price of warehouses and logistics facilities continues to be at a high level due to the soaring costs of construction materials (steel, etc.) and labor costs.This is an estimate assuming a one-story steel frame (S) distribution warehouse (high floor or low floor).
If the building area is 1,800 tsubo on a site of 3,000 tsubo,The remaining 1,200 tsubo is truck berth, parking lot, and turning area.It becomes.
| item | [Standard / low cost specifications] | [High spec/good location specifications] |
|---|---|---|
| Land purchase cost (3,000 tsubo) | 1.20 billion yen (400,000 yen/tsubo) | 1.80 billion yen (600,000 yen/tsubo) |
| Building construction cost (1,800 tsubo) | 1.17 billion yen (650,000 yen/tsubo) | 1.53 billion yen (850,000 yen/tsubo) |
| Exterior/civil engineering costs | 80 million yen | 120 million yen |
| Design, application, incidental expenses | 50 million yen | 80 million yen |
| [Total cost (excluding tax)] | 2.50 billion yen | 3.53 billion yen |
*In addition to the above, when installing large-scale material handling equipment, automation equipment (sorters, AMR, automated warehouses, etc.), office interiors, and air conditioning equipment.Tens of millions of yen to hundreds of millions of yenadditional budget is required.
Compared to conventional construction methods (custom-designed), the construction period can be reduced by approximately 20%, and the cost per tsubo can be reduced by approximately 15 to 20%.
Sagamihara City has many urbanization control zones, so while the unit price of land that requires development permission (City Planning Act Article 34, etc.) is low,Development and construction costs (civil engineering costs) will skyrocket by tens of millions of yenThere is a risk.
Japan's three major metropolitan areas (Metropolitan area, Kinki area, Chubu area) large-scale rental logistics facility (advanced logistics facility/LMT)Rent price per tsubois.We have summarized the overall average (actual rent) for each area and the detailed market price range for each subdivided area.
| area | Average price per tsubo (market range) | Features/Benefit balance |
|---|---|---|
| Metropolitan area (Tokyo area) | 4,300 yen ~ 4,600 yen / tsubo | Supply and demand are on an improving trend as new supply runs its course.Polarization between coastal areas and inland areas. |
| Kinki area (Kansai area) | 4,100 yen ~ 4,300 yen / tsubo | Supported by solid demand, there is a gradual upward trend mainly in the inland and coastal areas of Osaka. |
| Chubu area (Nagoya area) | 3,600 yen ~ 3,800 yen / tsubo | Vacancy rates are high due to large supply, but rents are stable, especially for properties in good central locations. |
The average rent for rental logistics facilities (warehouses and distribution centers) in Sagamihara City is:Access to Ken-O Expressway Interchange (IC)orEase of securing nearby human resourcesAccordingly, the city is divided into three major regions.
| Regional classification | Main target area/IC | Rent market range (excluding common area fees) | Features/receiving environment |
|---|---|---|---|
| ① Southern/central area (Urban area/along Route 16) |
Along National Route 16, along the JR Yokohama Line (Around Minami Ward, Eastern Chuo Ward, Furubuchi, Fuchinobe) |
4,500 yen ~ 5,500 yen / tsubo | Easy to secure human resources and for the last mile Close to residential area, part-time employment is advantageous.It is in high demand as a delivery hub and has the highest price range in the city. |
| ② Inland/IC area (Advanced logistics facility cluster) |
Around Sagamihara IC/Aikawa IC (Tana, Chuo Ward, Asamizodai, Minami Ward, Shimokuzawa, Midori Ward, etc.) |
4,000 yen ~ 4,800 yen / tsubo | Wide-area delivery base (mainly large multi-tenant businesses) Excellent access to the Ken-O Expressway.It has a concentration of large, advanced logistics facilities and abundant supply. |
| ③ Northern/Western Mountain Area (Around suburbs/mountain areas) |
North of Hashimoto IC, around the former Tsukui town area (Around Shiroyama, Tsukui, Lake Sagami, Midori Ward, etc.) |
3,200 yen ~ 3,800 yen / tsubo | For cost-oriented/storage type warehouses Rent is cheap due to the distance from the expressway IC and station.For long-term storage and in-house operation with infrequent deliveries. |
*Common service fee (management fee) is separate.400 yen ~ 700 yen / tsuboIt is common for some degrees to occur.
When renting a logistics facility, in addition to the monthly "base rent," there are many costs associated with the building and facilities.
This is a comparison of the total cost (TCO) of a distribution center with a total floor area of 1,800 tsubo (site: 3,000 tsubo) of ``in-house construction (owning the house)'' and ``using a rental property for 10 years.''
| cost item | ① Own construction (own home) | ② Rental property (used for 10 years) | Notes/Supplements |
|---|---|---|---|
| Initial investment (CAPEX) | 3.0 billion yen | 120 million yen | ①Land 1.5 billion + buildings 1.5 billion ② 6 months security deposit + C construction costs, etc. |
| Monthly fixed payment (10 years cumulative) | 0 yen(excluding loan repayments) | 1.08 billion yen | Rent + common service fee (9 million yen per month x 120 months) |
| Taxes and public dues (10 years cumulative) | Approximately 280 million yen | 0 yen | Land/building fixed asset tax/city planning tax |
| Repairs, maintenance, insurance (10 years cumulative) | Approximately 150 million yen | Approximately 60 million yen | Exterior walls, roof, various equipment inspection fees, fire insurance |
| [Total expenditure (cash) for 10 years] | 3.43 billion yen | 1.26 billion yen | Pure cash out total |
| “Residual value” after 10 years | ▲ 2.20 billion yen(assets) | 0 yen(No assets) | Land (land price maintenance: 1.5 billion) + building (depreciation remaining: approximately 700 million) |
| [Real ownership cost for 10 years] | 1.23 billion yen | 1.26 billion yen | The amount obtained by subtracting the unrealized asset amount after 10 years from the total expenditure |
| Capital outflow/cost items | ① In-house construction (3 billion loan, 20 year repayment) | ② Rental property (used for 10 years) | Difference/remarks |
|---|---|---|---|
| Initial own funds (CAPEX/deposit) | 0 yen(Assuming full loan) | 120 million yen | ②6 months deposit + C construction cost |
| Monthly fixed payment (10 years cumulative) | 1.738 billion yen(Repayment amount) | 1.080 billion yen(Rent + common area fee) | ① 14.48 million yen per month x 120 months ②9 million yen per month x 120 months |
| Fixed asset tax/city planning tax (10 years) | Approximately 280 million yen | 0 yen | ①Public charges for land and buildings |
| Maintenance, repair, and insurance costs (10 years) | Approximately 150 million yen | Approximately 60 million yen | ① External walls, roof, inspection, fire insurance, etc. |
| [Total cash out over 10 years] | 2.168 billion yen | 1.260 billion yen | Difference in cash outflow: ① is +908 million yen more |
| Asset amount after 10 years (real estate value) | 1.500 billion yen(Land included value) | 0 yen | ① Assuming that the land price is the same as when you bought it. |
| Debt amount after 10 years (remaining loan) | ▲ 1.618 billion yen(loan balance) | 0 yen | ① Repayment remaining for 10 years |
| [Impact of net worth in 10 years] | ▲ 118 million yen | 0 yen | Assets 1.5 billion yen − Liabilities 1.618 billion yen |
| [“Actual burden amount” for 10 years] | 2.286 billion yen(Total outflow 2.168 billion + deficit 118 million) | 1.260 billion yen | Actual burden including movement of net assets |