Yannai Gordon & James Mendel Of Faropoint Ventures Acquire Industrial Asset In Delray Beach For $17.21M

The transaction involves an industrial property located at 1205 Southwest 4th Avenue in Delray Beach. The asset was sold for $17,210,000, encompassing a total area of 60,244 square feet, which translates to a price per square foot of $285.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $17,210,000
• Buyer: Yannai Gordon & James Mendel - Faropoint Ventures
• Seller: Tom Heller - Heller USA Industrial & Commercial Real Estate
• Brokers: Ovy Anghel & Jason Abitbol - APEX Capital Realty
• Date of Transaction: 02/19/2026

This transaction was facilitated by senior advisors Ovy Anghel and Jason Abitbol of APEX Capital Realty, with Anghel representing the buyer and Abitbol sourcing the off-market opportunity. The collaboration was characterized by strong fundamentals and a continued investor interest in high-quality small bay industrial assets in the South Florida market.