Retail Property In Washington, D.C. Sold For $7.6M By Northmarq
1515 15th Street Northwest, Washington, District Of Columbia 20005, United States
$7,600,000
$1,900,000/SF
Building Size
4 SF
Asset Type
Retail
Closing
Nov 22, 2022
AI
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.
Players
Washington Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93