NorthMarq arranges sale of the 336-unit Enclave at Menifee

Enclave at Menifee

Investment Sales - Multifamily

Multi-Tenant

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.

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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.