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

1141-1155 North Vermont Avenue
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This Development Site property located in CA was sold for $13,950,000 about 3 years ago. The broker of the deal was Brett Alphin

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.

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Deals
  • Location
    1141 N Vermont Ave, East Hollywood, Los Angeles, CA, USA1141 N Vermont Ave, East Hollywood, Los Angeles, CA, USA
  • Sale Price
    $13,950,000$13,950,000
    $310 PPSF$310 PPSF
  • Area
    45,000 SF45,000 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Brett Alphin

Brett Alphin

Deals5
Sold$27.3M

Agency

Compass

Compass

Agency
Deals2900
Volume$20.9B

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Deal Summary

[embed] SALE IMAGE: Brett Alphin DATE: 02/28/2021 ADDRESS: 1141-1155 N. Vermont Ave. MARKET: East Hollywood ASSET TYPE: Development Site BUYER: Mainspring Equities BROKER: Brett Alphin - Compass Commercial SALE PRICE: $13,950,000 Buildable SF: 45,000 ~ PPSF: $310

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1141-1155 North Vermont Avenue

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