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December 3, 2020
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MG Properties Buys New, 290-Unit Inland Empire Res Community

10/28/20

MG Properties purchased Mitchell Place, a brand-new, 290-unit luxury apartment-townhome community in Murrieta. The property was sold by Mitchell Multifamily LLC, an affiliate of MBK Rental Living LLC, based in Orange County.

Completed in 2019, Mithell Place is located at 35995 Mitchell Rd. The community features one-, two- and three-bedroom open floor plans with quartz countertops, stainless-steel appliances, walk-in closets, wood-style flooring and private garages.

The property offers a true five-star amenity package reflecting its “Best in Class” multifamily offering in the submarket. Resort-style pool with luxury cabanas, outdoor lounge with TV and fireplace, 24-hour professional fitness center with professional Technogym equipment, clubhouse with full kitchen and smart learning thermostats are amongst the amenities at Mitchell Place.

Mitchell Place provides easy access to the I-15 and I-215 freeways, connecting residents to employment centers in the four Southern California counties of Riverside, San Diego, Orange, and Los Angeles. The community is located near the shopping and dining venues of downtown Murrieta as well as the area’s wide variety of recreational sites.

John Chu, Ed Rosen and Tyler Sinks with Berkadia represented the seller in the deal. In addition, Berkadia’s Charles Christensen was able to secure Fannie Mae financing for the buyer. The deal price was not disclosed.





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