Tucson Newcrest Acquires Retail Space At Eastpoint Marketplace For $12.8 Million
6964 East 22nd Street & 6970 East 22nd Street
$12,800,000
$102/SF
Building Size
125,500 SF
Asset Type
Retail
Closing
Jan 20, 2026
AI
The transaction involved the sale of retail space located at 6964 East 22nd Street & 6970 East 22nd Street in Tucson, AZ, comprising 62,750 square feet. The sale price was set at $12,800,000, which translates to approximately $204 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,800,000
- Square Footage: 62,750
- Address: 6964 East 22nd Street & 6970 East 22nd Street
- Market: Tucson, AZ
- Buyer: Tucson Newcrest
- Seller: Eastpoint Kolb Additional Investors LLC, JRSL LLC, Union Financial Management Services & JDW CAT 10
- Broker: Rob Tomlinson - Cushman & Wakefield
Rob Tomlinson of Cushman & Wakefield represented both sides in the transaction, facilitating the deal between Tucson Newcrest and the group of sellers including Eastpoint Kolb Additional Investors LLC, JRSL LLC, Union Financial Management Services, and JDW CAT 10.
Tucson Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93