Marcus & Millichap Brokers $8.3M Sale of West Pembroke Square to Jorge Gonzalez in Pembroke Pines
Marcus & Millichap has brokered the $8.3 million sale of West Pembroke Square, a neighborhood retail center in Pembroke Pines, Florida, the firm announced Aug. 3, 2026. Buyer Jorge Gonzalez acquired the property from seller West Pembroke Square LLC in a deal that highlights continued investor demand for service-oriented retail assets in South Florida.
Property Details and Pricing
West Pembroke Square is located at 8901 Pembroke Road in Pembroke Pines, within Broward County. The retail strip totals 30,250 square feet on a 3.74-acre lot and was built in 1987. The center comprises 19 suites and 180 parking spaces, and at the time of sale was occupied by a mix of service tenants including Dunkin', a church, a dentist's office, a convenience store and a dance studio.
At the reported sale price, the transaction equates to approximately $274 per square foot. No cap rate or loan amount was disclosed in connection with the deal.
Brokerage Team and Transaction Structure
Matt Albregts, director of investments in Marcus & Millichap's Miami office, represented the seller. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap procured the buyer.
"This transaction underscores the continued investor demand for well-located neighborhood retail assets throughout South Florida," Albregts said. "Leveraging our team's local market expertise and longstanding industry relationships, we successfully connected the seller with a qualified buyer while identifying and securing a replacement property to satisfy the buyer's 1031 exchange requirements, allowing for a seamless closing."
The transaction included a 1031 exchange component, with Marcus & Millichap identifying and securing a replacement property for the buyer as part of the closing process.
Location and Tenant Profile
West Pembroke Square sits near Hollybrook Golf and Tennis Club, Hard Rock Stadium, North Perry Airport and Florida's Turnpike, providing access to both neighborhood traffic and broader regional connectivity. The surrounding area includes a variety of retailers and restaurants.
The property's tenant mix is weighted toward service and daily-needs uses, categories that tend to draw recurring local demand. Marcus & Millichap described the sale as evidence of sustained buyer interest in well-located neighborhood retail across South Florida's infill market.
Market Context
The sale reflects a broader pattern in South Florida commercial real estate, where neighborhood retail centers with service-oriented tenancy have continued to attract investor capital. The transaction also illustrates the ongoing role of 1031 exchange activity in sustaining deal flow, as buyers deploy proceeds from prior sales into replacement assets on tax-deferred timelines.
Marcus & Millichap, listed on the NYSE under the ticker MMI, reported 8,818 transactions in 2025 with a total sales volume of approximately $50.9 billion. As of Dec. 31, 2025, the firm had 1,808 investment sales and financing professionals operating across more than 80 offices in the United States and Canada.
Sources
Marcus & Millichap Press Release — $8.3M Sale of West Pembroke Square, Aug. 3, 2026