Arthur Falcone's Falcone Group Leases 2,470 Square Feet To Tom Brady's CardVault In Miami
652 Northeast 2nd Avenue
Building Size
2,470 SF
Asset Type
Retail
Closing
Oct 22, 2026
About this deal
AI
The asset involved in this transaction is a 2,470-square-foot retail space located at 652 Northeast 2nd Avenue in Miami, FL. The property is positioned within the Miami Worldcenter, an area experiencing a significant increase in retail demand, with rents rising considerably in recent times.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 652 Northeast 2nd Avenue
- Market: Miami, FL
- Landlord: Arthur Falcone - Falcone Group
- Tenant: Tom Brady - CardVault by Tom Brady
- Landlord's Representative: Michael Comras - The Comras Company
- Tenant's Representative: Lantern Real Estate + Partners
Key individuals involved in this transaction include landlord Arthur Falcone from the Falcone Group and tenant Tom Brady, who is associated with CardVault by Tom Brady. The lease arrangement reflects the current market dynamics in downtown Miami, where retail vacancy rates have dropped notably.
On the Map
Retail
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Players
Cardville Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93