Brain Good's IBorrow Acquires Santa Monica Office/Studio For $8M

An office/studio property located at 2108-2114 Pico Boulevard in Santa Monica was recently sold. The transaction took place on October 8, 2019. The property, measuring 9,160 square feet, offers high-end creative office space and a recording studio. It also includes onsite parking. The buyer of this property was Brain Good, representing IBorrow, while Jonathan Barach, representing Studio Partners LLC, was the seller. The deal was facilitated by brokers Vania Stepani from Hilton & Hyland Commercial and Robert Hooks from Cushman & Wakefield. The property was sold for a total of $8,000,000, resulting in a price per square foot of $873.36.

Summary of transaction details:

• Property Type: Office/Studio
• Transaction Amount: $8,000,000
• Address: 2108-2114 Pico Boulevard, Santa Monica
• Market: Santa Monica
• Buyer: Brain Good - IBorrow
• Seller: Jonathan Barach - Studio Partners LLC
• Brokers: Vania Stepani - Hilton & Hyland Commercial, Robert Hooks - Cushman & Wakefield
• Square Footage: 9,160
• Price Per Square Foot: $873.36

This transaction represents an opportunity for Brain Good and IBorrow to acquire a prime office/studio property in Santa Monica. The property's unique features, such as the high-end creative office space and recording studio, make it an attractive investment. The deal was successfully negotiated by Vania Stepani from Hilton & Hyland Commercial and Robert Hooks from Cushman & Wakefield, showcasing their expertise in the Santa Monica real estate market.