San Diego Business Journal

San Diego Apartment Complex Sells for $7.45 Million

By Lou Hirsh Wednesday, August 17, 2016
Waring Gardens - Photo courtesy of CBRE Group Inc.

Waring Gardens - Photo courtesy of CBRE Group Inc.

A San Diego buyer recorded as East Eight LLC has acquired a 36-unit apartment property in the city’s Grantville neighborhood for $7.45 million, according to brokerage firm CBRE Group Inc.

The seller of Waring Gardens, at 5320-5340 Adobe Falls Road, was Waring Gardens LP of San Diego, represented by CBRE’s Eric Comer, Jim Neil and Merrick Matricardi. The buyer was represented by Debbie Wong of Performa Property Management.

The three-building apartment complex was built on 2.47 acres in 1980 and is located near Interstate 8. According to CoStar group and public data, the seller is an affiliate of San Diego-based R&V Management Corp.