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HQ Creative Office Acquires 2nd Street Property In Santa Monica For $13.2M

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SOLD
$13,200,000

California

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MultiFamily7,758 SF
Sold 03/14/2018
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SOLD

HQ Creative Office Acquires 2nd Street Property In Santa Monica For $13.2M

1522 2nd Street, Santa Monica, Los Angeles, CA, USA

See Similar Deals
MultiFamily7,758 SF
Sold 03/14/2018
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$1,701
Total Square Footage:7,758 SF
Transaction Type:Sale

Judah Hertz, the founder of Hertz Investment Group, has sold a property located at 1522 2nd Street in Santa Monica, Los Angeles. The property was purchased by HQ Creative Office, represented by Robert Herscu. The transaction, facilitated by brokers Bob Safai, Matt Case, and Brad Schlaak of Madison Partners, was finalized for a total price of $13,200,000, at an average price per square foot of $861.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $13,200,000
  • Address: 1522 2nd Street
  • City: Los Angeles
  • Market: Santa Monica

The seller, Judah Hertz, is the founder of the Hertz Investment Group, a real estate investment company based in Santa Monica. HQ Creative Office, the buyer, was represented by Robert Herscu. Bob Safai, president and owner of Madison Partners, along with senior executive directors Matt Case and Brad Schlaak, served as the brokers in the deal. Notably, Hertz Investment Group also includes Sapphire Gaming, a subsidiary focused on investing in casinos.

Players

16 deals$878.3M volume(310) 442-3399
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Brad Schlaak
5 deals$233.7M volume(626) 483-1530
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Matt Case
7 deals$413.7M volume(310) 779-3395
BROKER

SELLER

Details

SOLD
IMAGE: Judah Hertz, Bob Safai, Matt Case, Brad Schlaak and Robert Herscu DATE: 03/14/2018 ADDRESS:1522 2nd Street CITY: Los Angeles MARKET: Santa Monica SELLER: Hertz Investment Group - Judah Hertz BUYER: HQ Creative Office - Robert Herscu BROKERS: Bob Safai, president and owner of Madison Partners, along with senior executive directors Matt Case and Brad Schlaak. PRICE: $13,200,000 PPSF: $861 NOTE: Born in Brooklyn in 1950.Hertz founded the Hertz Investment Group, a real estate investment company based in Santa Monica, California, in 1979. The company includes a subsidiary, Sapphire Gaming, which invests in casinos.

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