Mainspring Equities Acquires Development Site In East Hollywood For $13.95M

A development site located at 1141-1155 N. Vermont Ave. in East Hollywood has been sold. The buyer, Mainspring Equities, acquired the property through a transaction facilitated by Brett Alphin of Compass Commercial. The sale took place on February 28, 2021, for a price of $13,950,000. The development site has a buildable square footage of approximately 45,000, resulting in a price per square foot of $310.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $13,950,000
• Buildable SF: 45,000
• PPSF: $310
• Date: 02/28/2021
• Address: 1141-1155 N. Vermont Ave.
• Market: East Hollywood

Brett Alphin of Compass Commercial acted as the broker for Mainspring Equities in the transaction. This deal highlights the collaboration between the buyer and their representative in acquiring a development site in East Hollywood.