Daniel Negari Of XYZ Acquires One America Plaza Office In San Diego From Donald Bren For $71.2M

The property involved in this transaction is One America Plaza, an office asset located at 501 West Broadway in San Diego. The sale price was $71,200,000, with a total square footage of 413,592 and a price per square foot of $172. The building is currently 79% leased and generates net cash flow of $6.92 million.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $71,200,000
• Buyer: Daniel Negari - XYZ
• Seller: Donald Bren - Irvine Company
• Square Footage: 413,592
• Price Per Square Foot: $172
• Leased Percentage: 79%
• Net Cash Flow: $6.92 million

Daniel Negari, the founder of domain registry operator XYZ, completed the acquisition of this office tower, marking his second office purchase in downtown San Diego following 225 Broadway. The seller of the property was Donald Bren, associated with Irvine Company.