Hot Property: Miami MOB is in high barrier market

The brand-new, 115,920 square foot Mercy Medical Arts Building is on the campus HCA’s Mercy Hospital Miami in the Coconut Grove area of the city. Photo courtesy of Onicx

Mercy Medical Arts Building, completed in late 2016, is a value-add offering

Name: Mercy Medical Arts Building
Address: 3683 S. Miami Ave.
Location: Miami
Year built: 2016
Square feet: 115,920
Occupancy: Vacant
Stories: 5
Seller: Undisclosed
Brokerage: JLL
Brokers: Steve Leathers, Mindy Berman, Daniel Turley and Brian Bacharach

The campus of the 488-bed Mercy Hospital in Coconut Grove just south of downtown Miami offers beautiful views of Biscayne Bay as well as two, older medical office buildings (MOBs) that are nearly filled.

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