MIAMI—Pembroke Corners, a 30,007-square-foot shopping center in Pembroke Pines, FL has traded hands. The retail asset sold for $6.4 million.

Lori Schneider, a senior vice president of Investments in Marcus & Millichap's Ft. Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a developer from Tampa, FL. The buyer was secured and represented by Kirk D. Olson and Drew A. Kristol, vice presidents of Investments in M&M's Miami office.

Pembroke Corners sits on about four acres in Pembroke Pines. Pembroke Pines is a western suburb of Fort Lauderdale.

“The property has an interesting blend of three national credit tenants,” says Schneider. “Buyer interest for this property came predominantly from a pool of small private investors from across the country. Ultimately, the buyer was a partnership between a local investor and his South American co-investors. The historically stable property is 100% occupied with tenants that include CVS, Tire Kingdom and Goodyear, among others.”