Jacksonville office building trades for $48 per square foot

The new owner paid $15.2 million for the half-occupied One Enterprise Center

One Enterprise Center in Jacksonville
One Enterprise Center in Jacksonville

A half-occupied office building in downtown Jacksonville sold for about $48 per square foot.

The buyer, a company called Rosecrans 2004, paid $15.2 million for the 22-story One Enterprise Center, an office building with 317,571 square feet and a 51 percent occupancy rate.

The landmark building with a glass-panel exterior, marble lobby and glass atrium dome is directly connected to a 354-room Omni Hotel and shares parking with the hotel. The office building as a parking ratio of 2.26 spaces per 1,000 square feet, one of the highest in downtown Jacksonville.

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The office building’s address at 225 Water Street in downtown Jacksonville is within walking distance of the Times-Union Center for the Performing Arts, the St. John’s River waterfront and Jackson’s Landing, a cluster of retail stores and restaurants.

Brokerage firm Transwestern said in a press release that John Bell, managing director, negotiated the sale after the seller got “35 competitive offers from domestic and foreign capital sources.”