Updated Oct 31, 2025
John Saca And Payton Saca Acquire One American Plaza Office Tower In San Diego For $120M
600 West Broadway
$120,000,000
$184/SF
Building Size
650,000 SF
Asset Type
Office
Closing
Oct 29, 2025
About this deal
AI
The property involved in this transaction is an office asset known as One American Plaza, located at 600 West Broadway in the San Diego market. The asset was sold for $120,000,000, and features a total square footage of 650,000 with a price per square foot of $185.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $120,000,000
- Buyer: John Saca & Payton Saca - Saca Development
- Seller: Donald Bren - Irvine Company
- Buyer's Representative: Mick Partridge - Carolwood Estates
- Seller's Representative: Adam Edwards - Eastdil Secured
Saca Development's acquisition of One American Plaza reflects their commitment to the growth and vitality of the San Diego market. This 34-story office tower's purchase highlights their confidence in the demand for premium commercial spaces in downtown San Diego.
On the Map
$120,000,000
$184/SF
Office
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Players
San Diego Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93