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Atlantic Capital Partners Sells Grocery-Anchored Shopping Center In Wilmington For $7.75M

Property Image
SOLD
$7,750,000
Justin Smith
Danielle Turpin
+ 1

Massachusetts

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Retail107,358 SF
Sold 04/17/2026
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Property Image
SOLD

Atlantic Capital Partners Sells Grocery-Anchored Shopping Center In Wilmington For $7.75M

211 Lowell Street & 243 Lowell Street

See Similar Deals
Retail107,358 SF
Sold 04/17/2026
Justin Smith
Danielle Turpin
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$72
Total Square Footage:107,358 SF
Transaction Type:Sale

The retail asset at 211 Lowell Street in Wilmington, MA, was sold for $7,750,000. This property encompasses a total of 53,679 square feet and is currently 91% leased. The sale includes an adjacent home and 13.59 acres of land that is zoned for residential development.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,750,000
  • Square Footage: 53,679 SF
  • Price Per Square Foot: $144
  • Address: 211 Lowell Street
  • Market: Wilmington, MA
  • Leased Percentage: 91%
  • Additional Property: Adjacent home and residential-zoned land (13.59 acres)

The transaction involved brokers Justin Smith, Chris Peterson, Danielle Turpin, and John Dixon of Atlantic Capital Partners, who facilitated the sale and represented the sellers in this successful deal that attracted significant interest from both local and regional investors.

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

Details

SOLD
IMAGE: Justin Smith, Chris Peterson, Danielle Turpin & John Dixon DATE: 04/17/2026 ADDRESS: 211 Lowell Street MARKET: Wilmington, MA ASSET TYPE: Retail BROKERS: Justin Smith, Chris Peterson, Danielle Turpin & John Dixon - Atlantic Capital Partners SALE PRICE: $7,750,000 SF: 53,679 ~ PPSF: $144 NOTE: Atlantic Capital Partners sold the 53,679 s/f, 91%-leased grocery-anchored shopping center at 211 Lowell St. in Wilmington, Mass., along with an adjacent home and 13.59 acres of residential-zoned land, drawing strong interest from local and regional investors.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$27,534.12
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