Updated Mar 5, 2026
Yannai Gordon & James Mendel Of Faropoint Ventures Acquire Industrial Asset In Delray Beach For $17.21M
1205 Southwest 4th Avenue
$17,210,000
$285/SF
Building Size
60,244 SF
Asset Type
Industrial
Closing
Feb 18, 2026
About this deal
AI
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.
On the Map
$17,210,000
$285/SF
Industrial
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Players
Dania 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93