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RevOZ Capital And Argosy Real Estate Partners Secure $34.1M Loan For Medical Office In Sacramento

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FINANCED
$34,100,000
John Chun
Jeff Sause
AB

California

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Medical Office124,076 SF
Financed 06/05/2025
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FINANCED

RevOZ Capital And Argosy Real Estate Partners Secure $34.1M Loan For Medical Office In Sacramento

660 J Street

See Similar Deals
Medical Office124,076 SF
Financed 06/05/2025
John Chun
Jeff Sause
AB
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$274
Total Square Footage:124,076 SF
Transaction Type:Loan

A construction-to-permanent loan of $34.1 million was secured from Siemens Financial Services for SixSixty, a 124,076 square foot Class A medical office building located at 660 J Street in downtown Sacramento.

Summary of transation details:

  • Property Type: Medical Office
  • Transaction Amount: $34,100,000
  • Address: 660 J Street
  • Market: Sacramento
  • Lender: Siemens Financial Services
  • Landlord: Alex Bhathal - RevOZ Capital; David Butler - Argosy Real Estate Partners
  • Brokers: Jeff Sause & John Chun - JLL

RevOZ Capital and Argosy Real Estate Partners facilitated the leasing of 97% of the space to Sutter Health, which plans to open an Advanced Orthopedics & Sports Medicine Care Complex by 2027, thereby addressing the growing local demand for specialty medical services.

Players

Jeff Sause
JLL
Jeff Sause
33 deals$1.6B volume
BROKER
John Chun
JLL
John Chun
20 deals$1.1B volume
BROKER
Siemens
Siemens
LENDER
AB
Alex Bhathal
3 deals$78.6M volume
LANDLORD

Details

FINANCED
IMAGE: Alex Bhathal, David Butler, Jeff Sause & John Chun DATE: 06/05/2025 ADDRESS: 660 J Street MARKET: Sacramento ASSET TYPE: Medical Office ~ SF: 124,076 LENDER: Siemens Financial Services (@Siemens) LANDLORD: Alex Bhathal - RevOZ Capital (@RevOZCapital); David Butler - Argosy Real Estate Partners BROKERS: Jeff Sause & John Chun - JLL (@JLL) LOAN AMOUNT: $34,100,000 NOTE: RevOZ Capital and Argosy Real Estate Partners secured a $34.1M construction-to-perm loan from Siemens Financial Services for SixSixty, a 124,076 SF Class A medical office building in downtown Sacramento.Sutter Health signed a lease for 97% of the space to open an Advanced Orthopedics & Sports Medicine Care Complex by 2027, addressing rising local demand for specialty medical services.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$34,100,000.00

Monthly NOI$227,333.33
Monthly Debt Service$215,535.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00