Triple Net Properties LLC on Wednesday announced the purchase of 3050 Superior in Rochester, Minn., on behalf of tenant-in-common investors.
The acquisition closed on May 18.
3050 Superior is a 205,000-square-foot, two-story medical office building, light manufacturing and warehousing facility.
The property was fully leased on an absolute net basis by the Mayo Clinic and used for medical education and research.
The building was constructed in 2000. The property includes approximately 26 acres of land that is suitable for potential expansion.
3050 Superior was purchased from CEL (MN) QRS 14-40, Inc., a Delaware corporation, which was represented by Jeffrey Evans of Trump Mortgage.
Ben Tapper of Eastern Consolidated and Steve Leathers of Triple Net’s acquisitions team represented the tenant-in-common buyers.
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