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501 West Broadway

Updated Sep 30, 2025

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

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

501 West Broadway

$71,200,000

$172/SF

Building Size

413,592 SF

Asset Type

Office

Closing

Sep 23, 2025

About this deal

AI

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.

On the Map

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$71,200,000

$172/SF

Office

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Players

Daniel Negari

XYZ

Buyer

$138.3M

vol

4 deals

Buyer
XYZ
XYZBuyer
Donald Bren

Donald Bren

Irvine Company

Seller

$942.6M

vol

38 deals

Seller
Irvine Company
Irvine CompanySeller
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San Diego Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $172 per square foot on a published $71.2M for 413,592 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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