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1111 Stadium Drive
SOLD

Justin Gronlie's Harrison Street Acquires 20-Acre Student Housing Property In Fayetteville For $34.7M

1111 Stadium Drive

Student Housing
clock iconSold 282 days ago
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Summary

Sale
ARKANSAS
Student Housing

Harrison Street has acquired a 20-acre student housing property, The Vue at 1111 Stadium Drive, near the University of Arkansas in Fayetteville. The property was sold for a price of $34.7 million according to property records. The student housing property consists of 180 units, with an average price per unit (PPU) of $192,778. The total number of beds in the property is 656, with an average price per bed (PPB) of $52,896.

Summary of transaction details

  • Property Type: Student Housing
  • Transaction Amount: $34,700,000
  • Address: 1111 Stadium Drive
  • Market: Fayetteville, AR
  • Acres: 20
  • Buyer: Justin Gronlie - Harrison Street

Harrison Street, represented by Justin Gronlie, has acquired The Vue student housing property near the University of Arkansas. The transaction is valued at $34.7 million, making it a significant investment in the Fayetteville market. This acquisition expands Harrison Street's portfolio in the student housing sector, demonstrating their continued interest in this market.

Details

Deal Summary
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SOLD
IMAGE: Justin Gronlie DATE: 10/05/2023 ADDRESS: 1111 Stadium Drive MARKET: Fayetteville, AR ASSET TYPE: Student Housing ~ ACRES: 20 BUYER: Justin Gronlie - Harrison Street SALE PRICE: $34,700,000 UNITS: 180 ~ PPU: $192,778 BED: 656 ~ PPB: $52,896 NOTE: Harrison Street has acquired a 20-acre student housing property, The Vue at 1111 Stadium Drive, near the University of Arkansas in Fayetteville, for an undisclosed sum, though property records indicate a purchase price of $34.7 million.

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Address1111 Stadium Drive

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