MIAMI—Congress Center, a 9,976 square-foot shopping center in Boca Raton, FL, has changed hands. The retail asset sold for $3.8 million.

Marcus & Millichap first vice president of Investments Douglas K. Mandel had the exclusive listing to market the retail property on behalf of the seller, a private investor from Boca Raton. Richard Moravek, an associate in the firm's Ft. Lauderdale office, represented the buyer, a private investor from Boca Raton.

“Congress Center provided an investor with the opportunity to purchase a well-located, high-quality asset with strong in-place cash flow,” Mandel says. “The center benefits from the high daytime population of Arvida Park of Commerce office buildings and is also in close proximity to affluent residential communities and major centers of commerce, entertainment, and education.”

Built in 1998, Congress Center is 100% occupied. Tenants include Blue Fin Sushi and Tai Grill, Sal's Italian Restaurant, Jimmy John's Sandwiches, Nail Express, and Gianel Salon. Congress Center is located at 861 Yamato Road in Boca Raton.