Updated Oct 19, 2026
SOLDMedical Office
Peter Liesch Of Bulfinch Cos Acquires Medical Office In Wellesley For $12M From Grander Capital Partners
70 Hastings Street
$12,000,000
Building Size
—
Asset Type
Medical Office
Closing
Jun 9, 2026
About this deal
AI
A medical office property, located at 70 Hastings Street in Wellesley, MA, was sold for $12,000,000. The transaction involved a medical office asset specifically designed for healthcare purposes, contributing to the local market's infrastructure.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $12,000,000
- Buyer: Peter Liesch - Bulfinch Cos
- Seller: Grander Capital Partners
Peter Liesch, representing Bulfinch Cos, successfully facilitated the acquisition of the property from Grander Capital Partners, furthering Bulfinch's portfolio in the medical sector.
On the Map
$12,000,000
Medical Office
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Hastings Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93