Mechanical modes are a potentially useful resource for quantum information applications, such as quantum-level wavelength transducers, due to their ability to interact with electromagnetic radiation across the spectrum. A significant challenge for wavelength transducers is thermomechanical noise in the mechanical mode, which pollutes the transduced signal with thermal states. In this Letter, we eliminate thermomechanical noise in the GHz-frequency mechanical breathing mode of a piezoelectric optomechanical crystal using cryogenic cooling in a dilution refrigerator. We optically measure an average thermal occupancy of the mechanical mode of only 0.7±0.4 phonons, providing a path towards low-noise microwave-to-optical conversion in the quantum regime.