Mark Deschenes Of Boylston Properties Acquires Wellesley Mixed-use Asset For $46 Million
30 Washington Street, 30–44 Washington Street, Wellesley, Ma & 44 Washington Street
$46,000,000
Building Size
—
Asset Type
Mixed-use
Closing
May 13, 2026
AI
The property asset involved in the transaction is a mixed-use development located at 30-44 Washington Street in Wellesley, MA. The site encompasses an 11+ acre suburban office campus with strong occupancy and adjacent residential components. The sale was executed for a total price of $46,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $46,000,000
- Buyer: Mark Deschenes
- Buyer's Company: Boylston Properties
- Address: 30-44 Washington Street
- Market: Wellesley, MA
Mark Deschenes represented Boylston Properties in the transaction, acquiring the Wellesley Lower Falls Collection, which includes significant residential features alongside the office campus.
Wellesley Hills Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93