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.

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