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Tucson Raytheon Flex Building Trades for $13.7M
The 72,000-square-foot office flex building at 3360 E Hemisphere Loop in Tucson at Tucson International Business Center sold for $13.7 million.
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 buyer, Preissman Perris was self-represented. The Ronald Preissman family of Los Angeles has significant land holdings in the LA metropolitan area.
- ◦Sale/Acquisition
