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600 West Broadway

Payton Saca And John Saca Secure $91 Million Loan For 600 West Broadway Office In San Diego
FINANCEDOffice

Payton Saca And John Saca Secure $91 Million Loan For 600 West Broadway Office In San Diego

600 West Broadway

$91,000,000

$140/SF

Building Size

650,000 SF

Asset Type

Office

Closing

Oct 29, 2025

AI

The property involved in this transaction is an office asset located at 600 West Broadway in San Diego, comprising a total square footage of 650,000. The deal secured a loan amount of $91,000,000, categorized as an acquisition loan, with terms spanning 5 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $91,000,000
  • Address: 600 West Broadway
  • Market: San Diego
  • Asset Size: 650,000 SF
  • Lender: Eric Green & Will Berger - Rialto; Brett Norton - Hines
  • Landlord: Payton Saca & John Saca
  • Landlord's Representative: Rob Rubano, Ernesto Sanchez & JP LeVeque - Cushman & Wakefield
  • Loan Type: Acquisition
  • Loan Terms: 5 years

The key individuals involved in this transaction include the landlords Payton Saca and John Saca, along with their representatives from Cushman & Wakefield, Rob Rubano, Ernesto Sanchez, and JP LeVeque. The lenders on the deal are Eric Green and Will Berger from Rialto, and Brett Norton from Hines.

Players

Robert Rubano

Hines

Broker

$6.5B

vol

34 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Hines
HinesLender

John Saca

Landlord

$211M

vol

2 deals

Landlord

San Diego Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93