Cumberland apartments sold in San Diego

Local investor buys property

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Hendricks & Partners brokered the sale of Cumberland, a 144-unit apartment community in San Diego. The value of the transaction was approximately $28 million. The property is located at 8213 Jade Coast Road. San Diego-based Cumberland Club Apartments LP sold the property to San Diego-based DF 800 LLC. Hendricks & Partners is an advisory firm focused exclusively on the sale of multifamily properties. *** Send tips, feedback or a letter to the editor to newsroom@inman.com or call (510) 658-9252, ext. 124....