Mercury Investment buys Hunter's Ridge at Walden Lake

BUYER: MIC HR LLC (MAC Administrators XVIII Inc.), Duluth, Minn.
SELLER: CFLP Hunters Ridge LLC
PROPERTY: 1400 Plantation Blvd., Plant City
PRICE: $23 million
PREVIOUS PRICE: $19 million, March 2012
LAW FIRM ON DEED: Powell Carney Maller PA, St. Petersburg

PLANS, DESCRIPTION:
Mercury Investment purchased the 352-unit Hunter's Ridge at Walden Lake Apartments in Plant City for $23 million.

The price equated to $65,341 per unit. That figure is lower than the average price per unit ($70,803) for multifamily space in the Tampa Bay area, according to the CoStar Group.