Updated May 29, 2026
Ralph Cutié Of Miami International Airport Acquires Industrial Warehouse From Jerome Falic For $19.2M
1800 Northwest 70th Avenue
$19,200,000
$282/SF
Building Size
68,000 SF
Asset Type
Industrial
Closing
May 28, 2026
About this deal
AI
The property involved in this transaction is an industrial asset located at 1800 Northwest 70th Avenue in Miami, FL. The sale was completed for a total amount of $19,200,000, covering an area of 68,000 square feet, equating to a price per square foot of $282.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19,200,000
- Address: 1800 Northwest 70th Avenue
- Market: Miami, FL
- Buyer: Ralph Cutié - Miami International Airport
- Seller: Jerome Falic - Duty Free Americas
- Brokerage Firms: Barry Katz & Blake Katz - WGS Realty
- Sale date: 05/28/2026
- Square Footage: 68,000
- Price per Square Foot: $282
Ralph Cutié represented Miami International Airport in the acquisition from Jerome Falic, who represented Duty Free Americas. WGS Realty, through brokers Barry Katz and Blake Katz, facilitated the transaction. The warehouse is designated to support airport modernization and future commercial use.
Players
Chaptico Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93