Updated Mar 4, 2026
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
About this deal
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.
On the Map
$5,200,000
$650/SF
Industrial
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Players
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