Marcus & Millichap Inc. has brokered the sale of Sutton Place Apartments, a 72-unit multifamily property in Rochester, Minnesota, for $5,025,000. The transaction involved Park Place Apartments Mgmt., LLC as the seller and LRE Rochester 2, LLC as the buyer. The property, built in 1979 and comprising 43,560 rentable square feet, is located near McQuillan Park and the Mayo Clinic. The seller reinvested the proceeds through a 1031 exchange, and the buyer was drawn to the property's strong performance and well-maintained condition.

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