SAN ANTONIO--CBRE Capital Markets' multifamily team has announced the sale of Legacy Heights on behalf of an anonymous seller. Cottonwood Residential of Salt Lake City, Utah, purchased the property for an undisclosed price.

Legacy Heights, located at 1320 Austin Hwy., is a 258,206-square-foot, class A multifamily community. Adjacent to the upscale Alamo Heights neighborhood and near Fort Sam Houston in northeast San Antonio, the property sits on 22.47 acres and is made up of 306 one-, two- and three-bedroom units with nine contemporary floor plans.

“Embrey Partners developed the asset in 2009, and today there is a great opportunity for unit interior upgrades, which will allow it to better compete with new development along Austin Highway,” says Ryan Epstein, executive vice president with CBRE.