Baptist Health Buys $7.36M in Coral Gables Properties

Baptist Health South Florida, is a not-for-profit health care organization in the Miami and South Florida area, has purchased three properties in Coral Gables, Florida from Century Laguna for $7.35 million. According to a South Florida Business Journal article, the acquisition brings Baptist Health's 2013 acquisitions to nearly $140 million. Terms of the deal were not disclosed.

The properties include:

4231 S. Le Jeune Road, a 3,061 square-foot restaurant on a 15,680 square-foot lot;
the vacant 6,125 square-foot lot adjacent;
and 4291 S. Le Jeune Road, a 1,696 square-foot office on a 7,105 square-foot lot.

Century Laguna LLC, led by developer and former U.S. Century Bank director Sergio Pino, had a $9.77 million mortgage with Doral-based U.S. Century Bank that was made when Pino was a director, which covers these properties as well as 390 Bird Road.

For more news and information visit Blumberg Capital Partners.