The Vista Bay apartments in South Jacksonville sold May 30 for $11.09 million — about $2 million less than what it sold for in 2021.
The 104-unit community is at 8715 Belle Rive Blvd. along Southside Boulevard.
It was previously named Belle Rive Club Apartments.
The buyer was S2 Capital of Dallas through S2 Belle Rive Club LLC.
On its website, S2 Capital calls itself “a specialized investment platform that focuses on value-add and opportunistic multifamily opportunities. We acquire apartment communities in high-growth markets throughout the United States.”
The seller was Main Street Residential of Stuart through Main Street Residential Belle Rive LLC.
Built in 1990, the apartments comprise 13 two-story buildings on 5.42 acres. The per-unit sales price is $106,634.
Vista Bay offers one- and two-bedroom units with one or two baths. Units are 756 to 916 square feet. Monthly rents are $1,375 to $1,525, according to apartments.com.
Amenities include a pool, clubhouse, fitness center, car wash area and planned social activities.
KRI Properties of Northfield Center, Ohio, sold the property in 2021 for $13.13 million.