FINANCEDDevelopment Site
Josue Dimas De Melo Pimenta Of Blueteck Secures $19.2M Loan From Banco Do Brasil Americas
9781 Okeechobee Road
$19,200,000
Building Size
—
Asset Type
Development Site
Closing
Jul 24, 2026
AI
The asset involved in this transaction is a development site located at 9781 West Okeechobee Road in Hialeah Gardens, FL. This site spans 6.53 acres with a Building Square Footage (BSF) of 84,928. The primary use of the property will be for industrial flex, incorporating mainly warehouse space alongside retail and office components.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $19,200,000
- Loan Type: Construction
- Lender: Banco do Brasil Americas
- Landlord: Josue Dimas De Melo Pimenta - Blueteck
The deal was facilitated by Josue Dimas De Melo Pimenta, who is leading Blueteck in securing the financing for the Flightway Seventeen project. This development initiative represents a continuation of Blueteck's strategy to expand its flex industrial portfolio throughout Miami-Dade County.
Players
Hialeah Development Site Market Snapshot
Boundary boundary · Development Site · Loan 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