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
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.
Players
Hastings Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
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