High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + Midwest  + Healthcare  | 

81K-SF Skilled Nursing Facility in Wisconsin Changes Hands

Marcus & Millichap brokered the sale of Portage County Health Care Center, a skilled nursing and rehabilitation center located in Stevens Point, Wisconsin. The property sold for $2.7 million.

“The facility will continue operating as a skilled nursing center, and with the buyer’s planned investment and favorable performance trends across the market, we expect the property to remain well-positioned for long-term success,” said Ray Giannini, senior managing director investments.

Giannini, a seniors housing investment specialist with The Giannini Group at Marcus & Millichap’s Seniors Housing Division in the Milwaukee office, had the exclusive listing to market the property on behalf of the seller, Portage County, and procured the buyer.

Portage County Health Care Center is situated on 16 acres at 825 Whiting Ave. The 48-bed skilled nursing and rehabilitation facility encompasses 81,562 square feet. Originally built in 1965, the property was expanded with additions in 1985 and 1994.

Read More News Stories About: Marcus & Millichap
Connect

Inside The Story

Marcus & Millichap

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.