602-253-7900
3350 E Hemisphere Loop, Tucson, AZ for Sale
Office - FOR SALE
1/11
null | Request Cap Rate

3350 E Hemisphere Loop
Tucson, AZ 85706
Ward 5


OVERVIEW

• Single-tenant, mission-critical defense R&D facility totaling ±143,650 SF. • R&D facility is 100% leased to Raytheon, a wholly owned subsidiary of Raytheon Technologies Corporation (NYSE: RTX; S&P: A). • ±6.5-year WALT • Raytheon has occupied the building since 2002, delivering 20+ years of stable investment- grade tenancy. • Raytheon extended their term through March 2032— the lease extension was executed more than three (3) years prior to the original term expiration. • In 2022, Raytheon invested $3.24 million for a ±13,500 SF, classified ‘Dry Lab’ R&D space, further emphasizing their commitment to the asset. • Current in-place rent is ±18% below market, providing superb upside potential while benefiting from stable cash flow. • Minimal landlord obligations as a result of Raytheon’s NNN lease structure. • ±5.78-acre adjoining I-1 zoned land parcel, presented in a separate offering, offers additional development or expansion opportunity and is located within an Opportunity Zone. The land parcel may be acquired independently or in bulk as a portfolio acquisition with 3350 E. Hemisphere Loop. • Strategic location at the core of Tucson’s aerospace and defense corridor with proximity to Raytheon Missiles & Defense headquarters and U.S. Air Force testing facilities. • Transportation-oriented location—two (2) of the city’s major freeways, the I-10 and I-19, and the Tucson International Airport are within five (5) miles. • Unpriced

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

R&D

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

730

LAND DETAILS

LAND ACRES

16.11 AC

LAND SF

701,752 SF

ZONING

I-1

APN/PARCEL ID

140-29-050B,140-29-051B

ASK ABOUT THIS PROPERTY

Christopher TociCushman & WakefieldMore Info
602-253-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Christopher TociCushman & WakefieldMore Info
602-253-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.