Mercedes Medical Centers Acquires Office Property In Palmetto Bay For $5.5M

A property in Palmetto Bay, FL, located at 9500 SW 180th Street, has been sold in a recent transaction. The office property sits on approximately 3 acres of land. The sale was facilitated by Alejandro Snyder and Michael B. Williams of Current Real Estate, who represented the buyer and seller, respectively. The property was purchased by Mercedes Medical Centers, also known as Clínica Las Mercedes, from Qualcon Real Estate.

Summary of transaction details

• Property Type: Office
• Sale Date: 09/10/2021
• Address: 9500 SW 180th Street
• Market: Palmetto Bay, FL
• Total Acres: 3
• Price per Acre: $1,841,667
• Sale Price: $5,525,000
• Building Square Footage: 32,489
• Price per Square Foot (Building): $170
• Total Square Footage: 130,680
• Price per Square Foot (Total): $42

Alejandro Snyder, from Current Real Estate, represented Mercedes Medical Centers (Clínica Las Mercedes) in the transaction, while Michael B. Williams, also from Current Real Estate, represented Qualcon Real Estate. The deal involved a sale price of $5,525,000 and a building square footage of 32,489 square feet, with a price per square foot of $170. The property itself spans a total of 130,680 square feet, resulting in a price per square foot of $42. This transaction showcases the involvement of key individuals and companies in the real estate industry.