facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Note Loan

/

Sale

/

600 Battery Street

Richard Wagner Of Madison Capital Acquires Loan From Affinius Capital Tied To 600 Battery Street For $80M
SOLDNote / Loan

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

Madison Capital
Madison CapitalBuyer
Affinius Capital
Affinius CapitalSeller

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