Updated Jul 24, 2026
Darren Jason Watkins Jr. Acquires 26,600-SF Industrial Property In Miami For $11M
8700 Northwest 7th Avenue
$11,000,000
$413/SF
Building Size
26,600 SF
Asset Type
Industrial
Closing
Jul 24, 2026
About this deal
AI
An industrial property located at 8700 Northwest 7th Avenue in Miami, FL has been sold for $11,000,000. The asset encompasses 1.8 acres and features a total square footage of 26,600. The price per square foot for the transaction is $414.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,000,000
- Buyer's Name: Darren Jason Watkins Jr. (IShowSpeed)
- Seller's Names: Edgar & Farid Guanuna
- Buyer’s Representative: George Belesis - DWNTWN Realty Advisors
- Seller’s Representative: Lukas Andrea Foiani - AFS Living
- Asset Acquisition: The property was previously purchased for $8 million in 2022 by the sellers.
Darren Jason Watkins Jr., also known as IShowSpeed, plans to convert the newly acquired warehouse into a content creation studio. George Belesis and Lukas Andrea Foiani acted as the respective representatives for the buyer and seller in this transaction.
Players
Chaptico 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93