Updated May 13, 2026
MG Properties Group Acquires Multifamily Property In Menifee For $156M
30414 Town Center Dr, Menifee, CA, USA
$156,000,000
$422/SF
Building Size
368,953 SF
Asset Type
MultiFamily
Closing
Oct 29, 2021
About this deal
AI
The multifamily property located at 30414 Town Center Dr in Menifee has been sold for a total of $156,000,000. The transaction took place on October 29, 2021. The property consists of 330 units, resulting in a price per unit of $472,727.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $156,000,000
- Address: 30414 Town Center Dr, Menifee
- Market: Menifee
The buyer in this transaction is MG Properties Group, represented by Mark Gleiberman, while the seller is MBK Rental Living, represented by Craig Jones. The brokers involved in the deal are Rachel Parsons and Derrek Ostrzyzek from Berkadia, as well as Cameron Chalfante from CBRE.
On the Map
$156,000,000
$422/SF
MultiFamily
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Players
Menifee MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93