Darren Jason Watkins Jr. Acquires Warehouse In Miami For $11 Million With Jordan Karp As Buyer's Rep
8700 Northwest 7th Avenue
$11,000,000
$414/SF
Building Size
26,568 SF
Asset Type
Warehouse
Closing
Jul 24, 2026
About this deal
AI
The warehouse located at 8700 Northwest 7th Avenue in Miami was sold for a transaction amount of $11,000,000. This asset spans 26,568 square feet, translating to a price per square foot of $414.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $11,000,000
- Buyer: Darren Jason Watkins Jr. (IShowSpeed)
- Seller: Edgar and Farid Guanuna
- Buyer's Representative: Jordan Karp - Jordan Karp LLC
- Seller's Representatives: Lukas Andrea Foiani - AFS Living; George Belesis - DWNTWN Realty Advisors
The transaction highlights the involvement of Darren Jason Watkins Jr. as the buyer, representing a significant acquisition in the market. The seller, Edgar and Farid Guanuna, was supported by their representatives Lukas Andrea Foiani and George Belesis, showcasing collaborative efforts in the real estate transaction.
Players
Miami Warehouse Market Snapshot
Boundary boundary · Warehouse · 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