Lee & Associates is proud to announce the sale of a 72,000 SF
former Raytheon Missile Systems flex office building at 3360 E. Hemisphere Loop,
Building M10, Tucson for $10,500,000. Price per SF was calculated at $145.83.
Lee Principals Jerry Marrell and Dave Johnson negotiated on behalf of DCG IV,
LLC, a Seattle-based investment fi rm. Lee Principal Pete Batschelet procured the
buyer, 3360 E. Hemisphere Loop, LLC, Scottsdale.
Built in 2008, the single-tenant, two-story, building sits on approximately 4.45
acres with an additional 4.92 acres of land available for expansion.
The buildingfeatures 4.67/1,000 parking, two split system A/C systems and a contemporary
architecture in a business park setting. It is a Department of Defense approved
facility and was a built-to-suit for Raytheon Missile Systems. The property is close
to the I-10 Freeway and Tucson International Airport.
Raytheon Missile Systems is headquartered in Tucson and is the largest nongovernmental
employer in the city. This business unit specialized in advanced
weaponry development and is a critical defense industry contractor. Raytheon Co.
is a technology and innovation leader specializing in defense, civil government and
cybersecurity solutions. Founded in 1922, the company provides state-of-the-art
electronics, mission systems integration, capabilities in C5I (command, control,
communications, computing, cyber and intelligence), sensing, eff ects and mission
support services. Raytheon Co. is headquartered in Waltham, Massachusetts.