WASHINGTON, DC—There have been a handful of sales in the Washington DC area that have met or exceeded $1,000 per square foot. Another deal, brokered by Calkain Urban Investment Advisors, now joins the list.

400 1st St., SE, otherwise known as the Tortilla Coast Building, has traded for $7.3 million, or close to $1,100 square feet. The buyer is a private investment group based in New York that is expanding its local portfolio, according to Calkain Urban Investment Advisors, which is a division of Calkain Cos.

400 1st St., SE is a two tenant triple net leased office and restaurant building. It is across the street from the Capitol South Metro Station.

The transaction closed within the last thirty days.

The bidding process attracted a number of potential buyers, according to Calkain's Rick Fernandez and Andrew Fallon.

Calkain is currently marketing some $32 million of urban retail properties.

Other $1,000 per square foot or more deals in Washington DC include PNC Bank's sale last year of its the Dupont Circle office-and-retail building to the Dallas-based L&B Realty Advisors for $60.75 million, or $1,253 per square foot, the 2014 sale of the Starbucks-anchored retail building, also at Dupont Circle, which sold to Harbor Group International for $1,672 per square foot, or $16.2 million, 1401 R St., NW, a ground-floor 1,278-square foot retail condo, which sold for close to $1,100 per square foot  and Jamestown's acquisition of America's Square, a 461,484-square foot complex located at 51 Louisiana Ave. NW and 300 New Jersey Ave., for $1,083 per square foot, or $500 million.