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1733 Hill Avenue

Alex Olshansky & Steve Ruimy Of APEX IOS Acquire Industrial Asset In West Palm Beach For $5.2M
SOLDIndustrial

Alex Olshansky & Steve Ruimy Of APEX IOS Acquire Industrial Asset In West Palm Beach For $5.2M

1733 Hill Avenue

$5,200,000

$650/SF

Building Size

8,000 SF

Asset Type

Industrial

Closing

Feb 17, 2026

AI

An industrial property located at 1733 Hill Avenue in West Palm Beach has been sold. The sale was completed at a price of $5,200,000 for an asset comprising 8,000 square feet, translating to a price per square foot of $650.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,200,000
  • Buyer: Alex Olshansky & Steve Ruimy - APEX IOS
  • Seller: Factory Direct Supply
  • Buyer's Representative: Guillermo de Nicolas & Matthew Demetrius - Panther Capital Group

The transaction involved key representatives from both the buying and selling sides, with Guillermo de Nicolas and Matthew Demetrius representing the buyers from Panther Capital Group, while the seller was Factory Direct Supply. This highlights the collaboration between the parties to facilitate the sale.

Players

Matthew Demetrius

Panther Capital Group

Broker

$10.2M

vol

3 deals

Broker

Mangonia Park 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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93