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653 Pennsylvania Ave., SE

WASHINGTON, DC–The Goldstar Group has sold a small retail property in Capitol Hill for $3.6 million, or $593 per square foot to Douglas Development Corp. The 6,155-square foot property secured a ten-year lease with the restaurant Sanphan Thai Cuisine shortly before the sale, which means this will be a buy-and-hold investment for Douglas Development for the duration.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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