Eaststar Trust LLC Acquires 29-Unit MultiFamily Asset From Eastbank Lofts LLC For $6.9M In Rochester MN

The transaction involved the sale of a 29-unit multi-family property located at 123 6th Avenue Southeast in Rochester, MN. The asset, built in 2017, was sold for $6,900,000, which equates to a price per unit of $237,931. The property offers one- and two-bedroom apartments and includes amenities such as a fitness center, bike storage, and rooftop terraces.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $6,900,000
• Units: 29
• Price Per Unit: $237,931
• Buyer: Eaststar Trust LLC
• Seller: Eastbank Lofts LLC
• Brokers: Keith Collins & Ted Abramson - CBRE

CBRE facilitated the transaction, showcasing their role in connecting the buyer and seller. The brokerage was instrumental in managing the complexities of the sale, ensuring a smooth process for both Eaststar Trust LLC and Eastbank Lofts LLC.