PROSPECTUS DATED DECEMBER 17, 1998 PRICING SUPPLEMENT NO. 6 PROSPECTUS SUPPLEMENT DATED JANUARY 4, 2001 TO DATED AUGUST 15, 2000 REGISTRATION STATEMENT NO. 333-68283 AND REGISTRATION STATEMENT NO. 333-68283-01 RULE 424(b)(3) AMB PROPERTY, L.P. MEDIUM-TERM NOTE (FIXED RATE) - ------------------------------------------------------------------------------- PRINCIPAL AMOUNT: $25,000,000 PRICE TO PUBLIC: 100% AGENT'S DISCOUNT OR COMMISSION: 0.500% ($125,000) NET PROCEEDS TO US: 99.5% ($24,875,000.00) INTEREST RATE: 6.90% MATURITY DATE: January 30, 2006 ORIGINAL ISSUE DATE: January 9, 2001 TRADE DATE: January 4, 2001 EXCHANGE RATE AGENT: |X| State Street Bank and Trust Company of California, N.A. |_| Other INTEREST PAYMENT DATES: January 30 and July 30, commencing July 30, 2001 REGULAR RECORD DATES: January 15 and July 15, commencing July 15, 2001 SPECIFIED CURRENCY: |X| United States Dollars |_| EURO |_| Composite Currency: |_| Other: Principal Financial Center: AUTHORIZED DENOMINATION: |X| $1,000 or integral multiples thereof |_| Other REDEMPTION: |X| The Note cannot be redeemed prior to maturity |_| The Note may be redeemed at the option of the Operating Partnership prior to maturity Redemption Commencement Date: Initial Redemption Percentage: Annual Redemption Percentage Reduction: REPAYMENT: |X| The Note cannot be repaid prior to maturity |_| The Note may be repaid prior to maturity at the option of the Holder 1 of the Note Optional Repayment Date(s): Repayment Price: DISCOUNT NOTES: |_| Yes |X| No Issue Price: Total Amount of OID: Yield to Maturity: Initial Accrual Period: FORM: |X| Book-Entry |_| Certificated AGENT: |_| Morgan Stanley Dean Witter |_| Banc of America Securities LLC |_| Banc One Capital Markets, Inc. |_| Chase Securities Inc. |_| Merrill Lynch & Co. |_| J.P. Morgan Securities Inc. |_| Salomon Smith Barney |X| A.G. Edwards & Sons, Inc. AGENT'S CAPACITY: |_| Agent |X| Principal ADDENDUM ATTACHED: |_| Yes |X| No OTHER/ADDITIONAL PROVISIONS: The notes will initially be limited to $25,000,000 in aggregate principal amount. We may create and issue additional notes with the same terms as the notes issued hereunder so that the additional notes will be combined with this initial issuance of notes. 2