TUCSON, AZ (February 7, 2025) -- The 72,000-square-foot office flex building at 3360 E Hemisphere Loop in Tucson at Tucson International Business Center sold for $13,704,000 ($190 PSF) in an investment sale on January 17, 2025.
Built in 2008, the single-tenant, two-story building sits on approximately 9.3 acres, with about 5 acres of land available for expansion. It is a Department of Defense-approved facility built to suit Raytheon Missile Systems.
Raytheon continues to lease the building, that sold at a 7.37% cap rate.
David Meir, Jack Minassian, and Alexis Metoyer with Peak Commercial in Woodland Hills, CA, represented the seller, 3360 E Hemisphere Loop, LLC of Scottsdale with Sheryl Dionne of eXp Realty was the Arizona broker of record.
The investor, Preissman Perris, LLC of Beverly Hills, CA (Ronald Preissman, principal), was self-represented.
To learn more, subscribers can refer to RED Comp #11718.