Washington · Commercial sale
Reston Investments buys 727 15th St NW in Washington for $9 million
An office building at 727 15th St NW, Washington sold for $9,000,000 on September 16, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $9,000,000
- Sold
- September 16, 2026
- Property type
- Office building
- Building area
- 46,332 sq ft
- Price per sq ft
- $194
- Year built
- 1985
An office building at 727 15th St NW in Washington sold for $9,000,000 on September 16, 2026, according to the District of Columbia Office of Tax and Revenue's property sales records. The price works out to $194 per square foot for the 46,332-square-foot building, which was constructed in 1985.
Reston Investments INC. was listed as the buyer in the DC Office of Tax and Revenue's records. The sale price sits 24% below the market value on record of $11,859,810.
The $9,000,000 sale represents a significant jump from the most recent earlier sale on record of $6,100,000 in 2001—a 48% increase, according to the DC Office of Tax and Revenue.
What this sale costs to close
What does closing cost at this price? Under District of Columbia custom the seller's larger charges are $130,500 for the deed transfer tax and $400 for the settlement / closing fee. The seller's estimated net is $8,819,718 before brokerage commissions and any loan payoff. A cash buyer would need about $9,105,323 at closing.
Source: DC Office of Tax and Revenue, real property tax roll (ITSPE), document 2026092088. Property details: DC Office of Tax and Revenue. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
