Richard Wagner Of Madison Capital Acquires Loan From Affinius Capital Tied To 600 Battery Street For $80M
600 Battery Street
$80,000,000
$640/SF
Building Size
125,000 SF
Asset Type
Note / Loan
Closing
Aug 21, 2025
AI
The transaction involved a loan tied to the property located at 600 Battery Street in the San Francisco market. The asset type is classified as a Note / Loan, with a sale price approximating $80,000,000. The property comprises approximately 125,000 square feet, resulting in a price per square foot of around $640.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $80,000,000
- Buyer: Richard Wagner - Madison Capital
- Seller: Affinius Capital
- Address: 600 Battery Street, San Francisco
- Square Footage: 125,000
- Price per Square Foot: $640
Richard Wagner, representing Madison Capital, acquired the loan from Affinius Capital. Ripple, the tenant, occupies the site, and Madison Capital has the potential to pursue full ownership or future expansion in accordance with the site's zoning regulations.
Players
San Francisco Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93