Ralph Cutié Acquires 240 Acres Of Land For Miami International Airport Expansion
Building Size
—
Asset Type
Land
Closing
Jul 22, 2026
About this deal
AI
Miami International Airport has acquired 240 acres of land surrounding the airport as part of its expansion strategy. This acquisition is essential to support the airport's $14 billion capital expansion program, addressing a significant 240-acre shortage needed for construction staging, parking, and other operational requirements.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not disclosed
- Acres: 240
- Buyer: Ralph Cutié
- Market: Miami
Ralph Cutié represents Miami International Airport in this transaction, which aligns with the airport's 15-year growth plan. The purchase aims to accommodate projected increases in passenger and cargo traffic through 2040.
Market Land Market Snapshot
Boundary boundary · Land · 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