CBRE has facilitated the purchase of Lofts at Mayo Park, a 29-unit multifamily property situated in Rochester. The buyer, Eaststar Trust LLC, acquired the property from Eastbank Lofts LLC for $6.9 million.
Ted Abramson, Abe Appert and Keith Collins of CBRE represented the seller in this transaction. According to Abramson, “The demand for properties in Rochester remains strong due to its proximity to the renowned Mayo Clinic.”
Lofts at Mayo Park is located at 123 Sixth Ave SE and offers stunning views of nearby attractions such as Mayo Park and Zumbro River. Additionally, residents have access to over 86 miles of biking trails as well as convenient skyway access that leads directly to downtown Rochester and the prestigious medical campus.
Built just four years ago in 2017,the property boasts a variety of one- and two-bedroom floor plans with an average size of 942 square feet each. Residents can enjoy top-notch amenities including a fitness center,bike storage,a pet washing station,private balconies,a community patio,and heated underground parking.Additionally,the rooftop terraces offer breathtaking views.
This sale was arranged by CBRE’s experienced team who continue their success within this thriving market.
