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Nicklaus Children's Hospital Pays $88M for Health Care Building in South Florida

Carter Validus Sells Metropolitan Hospital in the Heart of Miami
February 16, 2018
Nicklaus Children's Hospital acquired the Metropolitan Hospital at 5959 W. 7th St. in Miami, FL from Carter Validus for $88 million, or approximately $652 per square foot.

The 134,901-square-foot healthcare property delivered in 1962 on 9.7 acres in Miami/Dade County. It was last used as the Miami Medical Center.

Both parties handled the direct sale in-house.

Please see CoStar COMPS #4098544 for more information on this transaction.
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