Retail Property In Washington, D.C. Sold For $7.6M By Northmarq
SOLD
$7,600,000
District Of Columbia
See Similar DealsRetail4 SF
Sold
SOLD
Retail Property In Washington, D.C. Sold For $7.6M By Northmarq
1515 15th Street Northwest, Washington, District Of Columbia 20005, United States
See Similar DealsRetail4 SF
Sold
Summary
Asset Type:Retail
Price Per Square Foot:$1,900,000
Total Square Footage:4 SF
Transaction Type:Sale
A retail property located at 1515 15th St. NW in Washington, D.C. has been sold in a recent transaction. The property spans 4,403 square feet and was sold for a total price of $7,600,000, resulting in a price per square foot of $1,726.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,600,000
- Address: 1515 15th St. NW
- Market: Washington, D.C
- BROKER: Isaiah Harf - Northmarq
- SF: 4,403
- PPSF: $1,726
The deal was facilitated by Isaiah Harf from Northmarq, who represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$405,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53
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