Preissman Perris Acquires Office Building At 3360 East Hemisphere Loop In Tucson For $13.7M

The property asset involved in this transaction is an office flex building located at 3360 East Hemisphere Loop in Tucson, AZ. The building spans 72,000 square feet and was sold for a price of $13,700,000, translating to a price per square foot of $190. It has a cap rate of 7.37% and is currently leased to Raytheon Missile Systems, making it a DoD-approved facility.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $13,700,000
• Sale Date: 02/07/2025
• Address: 3360 East Hemisphere Loop
• Market: Tucson, AZ
• Square Footage: 72,000
• Price Per Square Foot: $190
• Cap Rate: 7.37%
• Buyer: Preissman Perris
• Seller: 3360 E Hemisphere Loop, LLC
• Broker Representatives: David Meir, Jack Minassian & Alexis Metoyer - Peak Commercial

The deal featured key individuals and companies, including the buyer Preissman Perris and the seller 3360 E Hemisphere Loop, LLC. The buyer represented themselves in the transaction, while Peak Commercial acted on behalf of the seller.