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Atlantic Capital Partners Sells Two Office Buildings In Wilmington For $10 Million

Property Image
SOLD
$10,000,000
Justin Smith
Danielle Turpin
+ 1

Massachusetts

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Office81,798 SF
Sold 01/29/2026
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Property Image
SOLD

Atlantic Capital Partners Sells Two Office Buildings In Wilmington For $10 Million

226 Lowell Street & 230 Lowell Street Wilmington

See Similar Deals
Office81,798 SF
Sold 01/29/2026
Justin Smith
Danielle Turpin
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$122
Total Square Footage:81,798 SF
Transaction Type:Sale

Two office buildings located at 226 Lowell Street and 230 Lowell Street in Wilmington, MA have been sold for a total of $10 million. The properties encompass a total of 40,899 square feet and have a price per square foot of $245. They are fully leased and have undergone recent improvements, supported by strong tenant tenure.

Summary of transaction details:

The sale was executed by Atlantic Capital Partners, with the capital markets team leading the transaction. The properties attracted interest from local and regional investors, primarily due to their high-profile location and potential for long-term growth.

Players

Justin Smith
29 deals$541.7M volume
BROKER

Chris Peterson
Atlantic Retail
29 deals$462.7M volume
BROKER

Danielle Turpin
Atlantic Retail
13 deals$209.6M volume(201) 322-4718
BROKER

John Dixon
Atlantic Retail
2 deals$17.8M volume(781) 690-7726
BROKER

Atlantic Retail
BROKERAGE

Details

SOLD
IMAGE: Justin Smith, Chris Peterson, Danielle Turpin & John Dixon DATE: 01/29/2026 ADDRESS: 226 Lowell Street & 230 Lowell Street MARKET: Wilmington, MA ASSET TYPE: Office BROKERS: Justin Smith, Chris Peterson, Danielle Turpin & John Dixon - Atlantic Retail (@Atlantic_Retail) SALE PRICE: $10,000,000 SF: 40,899 ~ PPSF: $245 NOTE: Atlantic Capital Partners sold two office buildings at 226 and 230 Lowell Street in Wilmington, MA, for $10 million, properties fully leased and recently improved with strong tenant tenure. The sale, led by Atlantic’s capital markets team, drew interest from local and regional investors due to the high-profile location and long-term growth potential.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22