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.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
