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John Saca And Payton Saca Acquire One American Plaza Office Tower In San Diego For $120M

Property Image
SOLD
$120,000,000
Mick Partridge
Donald Bren
Adam Edwards
+ 2

California

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Office650,000 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

John Saca And Payton Saca Acquire One American Plaza Office Tower In San Diego For $120M

600 West Broadway

See Similar Deals
Office650,000 SF
Sold
Mick Partridge
Donald Bren
Adam Edwards
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$184
Total Square Footage:650000 SF
Transaction Type:Sale

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:

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.

Players

Mick Partridge
The Beverly Hills Estates
Mick Partridge
7 deals$212.2M volume
BROKER
Adam Edwards
Eastdil Secured
Adam Edwards
4 deals$272.9M volume(949) 930-7485
BROKER
Eastdil Secured
Eastdil Secured
BROKERAGE
Carolwood Estates
Carolwood Estates
BROKERAGE
JS
Saca Development
John Saca
2 deals$211M volume
BUYER
Payton Saca
Saca Development
Payton Saca
2 deals$211M volume
BUYER
Saca Development
Saca Development
BUYER
Donald Bren
Irvine Company
Donald Bren
12 deals$910.1M volume
SELLER
Irvine Company
Irvine Company
SELLER

Details

SOLD
IMAGE: Payton Saca, Donald Bren, Mick Partridge & Adam Edwards DATE: 10/29/2025 ADDRESS: 600 West Broadway (One American Plaza) MARKET: San Diego ASSET TYPE: Office BUYER: John Saca & Payton Saca (@PaytonSaca) - Saca Development SELLER: Donald Bren (@DonaldBren4) - Irvine Company (@WorkatIrvineCompany) BUYER'S REP: Mick Partridge (@Mick.Partridge @PartridgeEstates) - Carolwood Estates (@CarolwoodRealEstate) SELLER'S REP: Adam Edwards - Eastdil Secured (@EastdilSecured) SALE PRICE: $120,000,000 SF: 650,000 ~ PPSF: $185 NOTE FROM BUYER: Saca Development has acquired Once American Plaza, a prestigious 34-story office tower located in the heart of downtown San Diego. The addition of this tower underscores their confidence in the long-term growth and vitality of San Diego, as well as their belief in the continued demand for premium commercial spaces in the city’s core.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$6,400,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$426,334.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$568,861.22
Annual Debt Service$6,826,334.65