Kings Arch Inc. Sells Development Site In Hollywood For $10M With Broker Representation From Brent Sprenkle, Vince Norris & Eric Norris

A development site located at 1410 N. Highland Ave in Hollywood has been sold for a price of $10,000,000. The property spans a total of 20,000 square feet and has a price per square foot of $500. The transaction date was on August 14, 2019. The seller of the property is Kings Arch Inc., represented by Richard, Allen, and Andrew Shamoolian. The brokers involved in the deal were Brent Sprenkle, Vince Norris, and Eric Norris.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,000,000
• Address: 1410 N. Highland Ave
• Market: Hollywood
• BSF: 20,000
• Price per BSF: $500
• Seller: Kings Arch Inc. - Richard, Allen & Andrew Shamoolian
• Brokers: Brent Sprenkle, Vince Norris, Eric Norris

The deal involved key individuals and companies such as Richard, Allen, and Andrew Shamoolian representing Kings Arch Inc. as the seller and Brent Sprenkle, Vince Norris, and Eric Norris serving as the brokers in the transaction.