A small-format retail location in Kissimmee, Florida, known as Sunbelt Rentals, has been sold for over $3 million. The property spans 6,371 square feet and is located at 2982 Michigan Avenue. This unique transaction involved one of the nation's first Sunbelt Rentals small-format retail locations.

Summary of transaction details

• Property Type: Retail
• Sale Price: $3,000,000
• Square Footage: 6,371
• Price per Square Foot: $471
• Address: 2982 Michigan Avenue, Kissimmee
• Market: Kissimmee

The buyer in this transaction is Agree Development, LLC, while the seller is MPV Properties, represented by George Macon. The deal was facilitated by Chris Biuso, Rory Shelby, and Scott Gould from Marcus & Millichap, serving as Marcus & Millichap's brokers.

It is noteworthy that the buyer, Agree Development, LLC, is a repeat client acquiring multiple Sunbelt properties. This further emphasizes the appeal and value of this particular small-format retail location in Kissimmee, Florida.