Shankh Mitra Of Welltower Sells Newburyport Medical Center For $14.65M
1 Wallace Bashaw Jr Way
$14,650,000
$333/SF
Building Size
44,000 SF
Asset Type
Mobile Home
Closing
Nov 16, 2025
AI
The property involved in this transaction is a medical office located at 1 Wallace Bashaw Jr Way in Newburyport, MA. The asset spans 4.5 acres and has a total square footage of 44,000. The sale price for this medical office was $14,650,000, with a price per square foot of $333.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $14,650,000
- Market: Newburyport, MA
- Seller: Shankh Mitra
- Seller's Company: Welltower
- Previous Sale Price: $27,400,000
- Previous Sale Year: 2019
Shankh Mitra represented Welltower in this transaction involving the Newburyport Medical Center. The sale reflects a significant decrease from its previous market value, indicating changes in the property’s valuation since its last sale.
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Newburyport Mobile Home Market Snapshot
Boundary boundary · Mobile Home · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93