The Special Fund Of The Industrial Commission Of Arizona Acquires Office In Tucson For $8.5M
155 North Rosemont Boulevard
$8,500,000
$170/SF
Building Size
50,000 SF
Asset Type
Office
Closing
Feb 23, 2026
About this deal
AI
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
Tucson Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93