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November 21, 2019
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MJW Property Group Closes $90 Inland Empire Res Buy

10/29/19

In a recent Inland Empire multifamily buy, MJW Property Group purchased The Enclave at Menifee, a 336-unit res property in Menifee, in a deal said to be worth just over $90 mil ($268k/unit). Built in 2007, the property is located at 30300 Antelope Rd, adjacent ot the east side of I-15 in the Menifee Lakes area.

The garden-style property provides residents with spacious floor plans (979 sf) and numerous amenities, including a fitness center, tennis and basketball courts, business center, playground, billiards room, and resort-style pool and spa.

Kyle Pinkalla and Shane Shafer with NorthMarq represented the buyer. The unnamed seller was self-represented. According to Pinkalla, the transaction took a total of twenty days, and closed at a sub-4% cap rate. We’re told the transaction is one of the largest multifamily sales in the Inland Empire so far this year.





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