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4308 Alton Rd
Miami Beach, FL 33140 Nautilus

$33,600,000 USD

Medical For Sale  •  85,163 SF

Property Details

  • Property Type Medical
  • Total Building Size 85,162 SF
  • Lot Size 1.86 AC
  • Building Class A
  • Year Built 2008
  • Tenancy Multiple
  • Zoning HD-HOSPITAL DISTRICT
40 Transit Score
70 Walk Score

Highlights

Class A MOB physically connected via pedestrian bridge to Mt. Sinai Medical Center, Miami Beach's sole full-service acute care hospital.
100% medical tenancy with 93%+ Mt. Sinai-affiliated physicians; hospital admitting privileges drive industry-leading lease renewal rates.
Bayfront site on the Mt. Sinai medical campus with Biscayne Bay frontage, minutes from Miami Beach's affluent Mid-Beach and Nautilus areas.
Located on Miami Beach's supply-constrained barrier island, where geography permanently prevents competing medical office development.
2026 forward NOI of $2.26M reflects a 25.6% YoY increase, driven by five newly executed leases including a 10-year commitment.
Integrated 500-stall parking structure generates approximately $608,000 annually, providing a stable, tenant-independent income stream.

Amenities

  • Property Manager on Site
  • Waterfront
  • Wheelchair Accessible
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector
  • On-Site Security Staff
  • Backup Power / Generators

Public Transportation

Commuter RailDriveWalkDistance
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 14 min - 6.4 mi
13 min - 7.2 mi
AirportDriveWalkDistance
Miami International 26 min - 13.0 mi
Fort Lauderdale/Hollywood International 37 min - 24.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 500
Type: Covered
Included in Rent: Yes
Christopher Green 561-406-0113 RARE CRE
Christopher Green 561-406-0113 RARE CRE