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30 Washington Street

Mark Deschenes Of Boylston Properties Acquires Wellesley Mixed-use Asset For $46 Million
SOLDMixed-use

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.

Players

Mark Deschenes

Boylston Properties

Buyer

$237.2M

vol

3 deals

Buyer

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