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ORLANDO-A Florida developer sold a 14,490-square foot Walgreens located in Kissimmee just outside of Orlando on July 20th for $5.6 million. The price per square foot for the nearly 11-month old single-tenant building was $386 per square foot, which is about average for this kind of investment, says Paul Nudelman, an investment specialist with the Miami office of Marcus & Millichap who represented the buyer, a Southwest Florida real estate investment partnership which owns one or two other single-tenant buildings with triple net leases.

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