Jacob Khotoveli Of JBL Asset Management Acquires Retail Condo In Miami For $17.3M

A ground-floor retail condo located at 3900 Biscayne Boulevard in Miami, FL, has been sold for $17,300,000. The property encompasses 25,504 square feet, resulting in a price per square foot of $678. The retail condo is part of the Quadro building situated in Miami’s Design District.

Summary of transaction details:

• Property Type: Retail Condo
• Transaction Amount: $17,300,000
• Square Footage: 25,504
• Price per Square Foot: $678
• Buyer: Jacob Khotoveli - JBL Asset Management
• Seller: Felipe R Onetto - Alta Developers

This transaction involved Jacob Khotoveli, representing JBL Asset Management, acquiring the property from Felipe R Onetto, who represents Alta Developers. The retail space is currently leased to tenants such as Waterworks, Visual Comfort & Co., Interlude Home, and Solt Fitness & MedSpa, with one bay measuring 2,358 square feet still available for lease.