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
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