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The Special Fund Of The Industrial Commission Of Arizona Acquires Office In Tucson For $8.5M

Property Image
SOLD
$8,500,000
Richard Kleiner
Alexis Corona
Christopher (Chris) Corney

Arizona

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Office50,000 SF
Sold 02/23/2026
the dealplayerscompscontact
Property Image
SOLD

The Special Fund Of The Industrial Commission Of Arizona Acquires Office In Tucson For $8.5M

155 North Rosemont Boulevard

See Similar Deals
Office50,000 SF
Sold 02/23/2026
Richard Kleiner
Alexis Corona
Christopher (Chris) Corney
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Office
Price Per Square Foot:$170
Total Square Footage:50,000 SF
Transaction Type:Sale

A 50,000-square-foot office space has been sold for $8,500,000 at 155 North Rosemont Boulevard in Tucson, AZ. The transaction reflects a price per square foot of $170.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $8,500,000
  • Address: 155 North Rosemont Boulevard
  • Market: Tucson, AZ
  • Square Footage: 50,000
  • Price Per Square Foot: $170
  • Buyer: The Special Fund of the Industrial Commission of Arizona
  • Seller: Legacy Property Management
  • Buyer's Representative: Christopher Corney - JLL
  • Seller's Representatives: Richard Kleiner & Alexis Corona - Cushman & Wakefield

The deal involved key representatives including Christopher Corney from JLL acting on behalf of the buyer, with Richard Kleiner and Alexis Corona from Cushman & Wakefield representing the seller, Legacy Property Management.

Players

Richard Kleiner
Cushman & Wakefield
Richard Kleiner
5 deals$19.3M volume(520) 440-2745
BROKER
Alexis Corona
Cushman & Wakefield
Alexis Corona
5 deals$19.3M volume(520) 546-2729
BROKER
Christopher (Chris) Corney
JLL
Christopher Corney
1 deal$8.5M volume(602) 282-6291
BROKER

Details

SOLD
IMAGE: 02/23/2026 ADDRESS: 155 North Rosemont Boulevard MARKET: Tucson, AZ ASSET TYPE: Office BUYER: The Special Fund of the Industrial Commission of Arizona SELLER: Legacy Property Management BUYER'S REP: Christopher Corney - JLL SELLER'S REP: Richard Kleiner & Alexis Corona - Cushman & Wakefield SALE PRICE: $8,500,000 SF: 50,000 ~ PPSF: $170 NOTE: Legacy Property Management has sold a 50,000-square-foot office space in Tucson to the Special Fund of the Industrial Commission of Arizona for $8.5 million, with representatives from Cushman & Wakefield and JLL facilitating the transaction. of Arizona

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$453,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04