Donald L. Golden Family Medical Building
Office | 6.73% CAP | 85,162 SqFt
Marketing description
RARE CRE is pleased to exclusively represent the opportunity to acquire the Donald L. Golden Medical Office Building - an 85,162 RSF Class A medical office building physically connected via pedestrian bridge to Mount Sinai Medical Center in Miami Beach, FL.
The property is offered at $33,600,000 (±$395/RSF), based on a contractual 2026 NOI of ±$2.26M (±6.73% cap rate), supported by ±94.5% current occupancy, and a parking component generating ±$608K annually (2026 budget).
The building's on-campus designation creates exceptional tenant retention. Physicians maintain hospital admitting privileges and referral relationships that make relocation prohibitively disruptive. While Miami Beach's barrier island geography prevents competing supply adjacent to the campus.
The Property is offered as a leasehold interest with approximately 32 years of remaining term, presenting investors with the opportunity to acquire a defined income stream from a Class A, on-campus medical asset located in one of South Florida's most supply-constrained healthcare submarkets.
Investment highlights
- Opportunity to acquire 100% leasehold interest in a prestigious, on campus medical office building in Miami Beach for $33,600,000 (~$395/PSF)
- ±94.5% current occupancy
- Parking component generating ±$608K annually (2026 budget)
- On-campus designation creates exceptional tenant retention
- Physicians maintain hospital admitting privileges and referral relationships that make relocation prohibitively disruptive
- Miami Beach's barrier island geography prevents competing supply adjacent to the campus
- Class A, on-campus medical asset located in one of South Florida's most supply-constrained healthcare submarkets
- Two newly signed leases, one expansion, and two five-year renewals
- 2025 actual NOI of $1,799,130 increases to a forward-projected 2026 NOI of $2,259,986, a 25.6% year-over-year increase
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