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.
“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
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.