PNC Bank Signs NNN Lease At 1011 5th Street Miami Beach With Landlord Bernard Klepach

The property involved in this transaction is a retail asset located at 1011 5th Street in the Miami Beach market. The property has an asking rent of $85 per square foot and encompasses a total area of 3,600 square feet. The lease type associated with this property is a NNN lease.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $85/ft
• Square Footage: 3,600
• Address: 1011 5th Street
• Market: Miami Beach
• Landlord: Bernard Klepach
• Tenant: PNC Bank
• Landlord's Representative: Noah Fox - Vertical Real Estate
• Tenant's Representative: Alan Esquenazi - Colliers

This lease transaction involved key representatives from both sides. Noah Fox represented the landlord, Bernard Klepach, while Alan Esquenazi represented the tenant, PNC Bank. Their roles facilitated the agreement for the leasing of the retail space.