Cottonwood, Texsun Purchase San Antonio Apartment
Trailside, a 240-unit, multifamily property, was 94 percent occupied at the time of the sale
Cottonwood Management and Texsun Holdings have acquired Trailside, a 240-unit multifamily community at 8120 Mainland Drive in northwest San Antonio, TX, in a joint venture. Newmark’s Senior Managing Directors Jim Young and Matt Michelson and Director Chase Easley represented the undisclosed seller.
The asset, which was 94 percent occupied at the time of sale, features one- and two-bedroom units ranging in size from 662 square feet to 982 square feet. Residences come equipped with all-electric kitchens, breakfast bars, pantries, walk-in closets, ample storage and balconies or patio spaces. Various on-site amenities include a business center, a clubhouse, a state-of-the-art fitness center, a pool and a dedicated picnic area featuring gas grill stations.
Trailside is located in San Antonio with entertainment and dining options within walking distance, access to a variety of public parks, and proximity to major freeways, like I-410, and the nearby San Antonio International Airport.