Northmarq has brokered the $7.6-million sale of a 4,403-square-foot retail condo on the ground floor of the Metropole Condominiums located at 1515 15th Street Northwest in Washington, DC. The property is fully leased to TD Bank.

Isaiah Harf with Northmarq represented the seller, a private investor based in MD. A CA-based 1031 exchange buyer acquired the asset.

“This was a very challenging environment to close this transaction in with rising interest rates daily,” said Harf. “In the end, the purchaser pushed through, and we closed in a timely manner.”

 The property was built in 2008 and is situated in downtown DC’s Logan Circle neighborhood. More than 416,000 residents with an average household income of over $157,000 live within a three-mile radius. Neighboring national retailers include Whole Foods Market, Chipotle, Wawa and CVS Pharmacy.