Multifamily - Sale

NorthMarq arranges sale of the 336-unit Enclave at Menifee

SAN DIEGO, CALIFORNIA (October 15, 2019) – NorthMarq’s Southern California investment sales team of Kyle Pinkalla and Shane Shafer arranged the sale of The Enclave at Menifee, a 336-unit multifamily property in Menifee, California. The sale represents one of the largest sales transactions of the year in the Inland Empire market.  

The buyer is The MJW Property Group.

Broker Quotes:
“From LOI to close, this transaction was a total of twenty days, and closed at a sub-4% cap rate – one of the most streamlined deals I have ever been a part of.”

– Kyle Pinkalla 

“This sale shows how desirable the Inland Empire is for investors, and how the strong fundamentals and continued growth make it one of the top choices for buyers today.” 

– Shane Shafer

Property Details:
The property’s garden-style layout gives residents quick access to their spacious floor plans (avg. 979 sq. ft.) and the property’s numerous amenities, which include a fitness center, tennis and basketball courts, business center, playground, billiards room, and resort-style pool and spa.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.