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

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

$13,200,000

$1,701/SF

Building Size

7,758 SF

Asset Type

MultiFamily

Closing

Mar 13, 2018

AI

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.

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