SOLD
CBRE Brokers Sell The Parker Tucson Student Housing For Record $132.5M
947 North Park Avenue
Student Housing
Sold 33 days ago
Summary
Sale
ARIZONA
Student Housing
The Parker Tucson, a student housing asset located at 947 North Park Avenue in Tucson, AZ, was recently sold for a record-breaking $132,500,000. Developed by Sterling University Housing, this eight-story complex features 130 units with 482 beds. It boasts amenities such as a rooftop deck, poolside cabanas, an outdoor kitchen, and even houses an on-site Chase Bank branch.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $132,500,000
- Market: Tucson, AZ
- Brokers: Jaclyn Fitts & Jeff Casper - CBRE
The sale of The Parker Tucson, adjacent to the University of Arizona campus, for $132.5 million, marks a significant milestone in Tucson's real estate history. The involvement of brokers Jaclyn Fitts and Jeff Casper from CBRE showcases the expertise and professionalism behind this monumental transaction.
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Details
SOLD
IMAGE: 03/25/2024
ADDRESS: 947 North Park Avenue
MARKET: Tucson, AZ
ASSET TYPE: Student Housing
BROKERS: Jaclyn Fitts & Jeff Casper - CBRE
SALE PRICE: $132,500,000
NOTE: The Parker Tucson, adjacent to the University of Arizona campus, was sold for a record-breaking $132.5 million, marking the highest sale price in Tucson history at over $1 million per unit and $274,896 per bed. Developed by Sterling University Housing, the eight-story complex comprises 130 units with 482 beds and offers amenities like a rooftop deck, poolside cabanas, outdoor kitchen, and an on-site Chase Bank branch.View on map
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Address947 North Park Avenue
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