CBRE Brokers Sell The Parker Tucson Student Housing For Record $132.5M

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.