JBL Asset Management Acquires Retail Asset At 3900 Biscayne Boulevard From Alta Developers
3900 Biscayne Boulevard
Building Size
26,494 SF
Asset Type
Retail
Closing
Aug 13, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 3900 Biscayne Boulevard, Miami. The asset encompasses a total square footage of 26,494. The sale was executed on August 13, 2026.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: JBL Asset Management
- Seller: Alta Developers
- Brokers: Eric Williams, Conor Lalor, James Sharpe V & Andrei Larion - Newmark
The transaction featured brokers Eric Williams, Conor Lalor, James Sharpe V, and Andrei Larion, all representing Newmark in the deal, facilitating the exchange between JBL Asset Management and Alta Developers.
On the Map
Retail
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Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93