A San Carlos 208-unit apartment complex has been sold for an undisclosed price.
Shapery Enterprises acquired Mission Trails apartments at 6975 Golfcrest Drive from Sares Regis Multifamily Value Add Funds of Orange.
Kevin Mulhern, Stew Weston, Dean Zander and John Montakab of CBRE represented the seller.
Shapery Enterprises represented itself.
The 175,152 square-foot project was built in 1987 on a 4.49-acre lot.
It has 84 one-bedroom, one-bathroom apartments and 124 two-bedroom, two-bathroom apartments.
Recently renovated, the complex has a resident lounge, dog park, pool, fitness center, tennis court, sport court, game room and 288 subterranean parking spaces.
“Mission Trails is exceptionally located next to the Mission Trails Regional Park, while also being a short drive from Mission Valley and many of San Diego’s major employment centers,” Mulhern said. “We have seen really strong interest in suburban assets in the midst of the pandemic, as these properties have been performing much better than higher density urban assets.”