Mount Sinai Medical Center Acquires 5.6-Acre Auto Dealership Site In Westchester, Miami For $32M

Mount Sinai Medical Center in Miami Beach has acquired a 5.6-acre auto dealership site in Westchester, Miami for $32 million. The property, located at 8250 & 8200 Southwest Eighth Street, is a retail asset spanning 25,046 square feet. The price per square foot for this transaction is $1,278.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $32,000,000
• Address: 8250 & 8200 Southwest Eighth Street
• Market: Westchester, Miami
• Acres: 5.6

The buyer, Mount Sinai Medical Center represented by Barry Skolnick, acquired the property from seller Magic 8th LLC, represented by Jorge L. Cruz. The purchase further demonstrates Mount Sinai Medical Center's expansion efforts in Miami-Dade County. However, specific plans for the newly acquired property have not been disclosed at this time.