Marcus & Millichap has arranged the sale of the Portage County Health Care Center, a skilled nursing and rehabilitation facility in Stevens Point, Wisconsin. The property changed hands for $2.7 million.
The facility will continue to operate as a skilled nursing center under the new ownership. According to information released with the transaction, the buyer plans to invest additional capital into the property. Those improvements are expected to build on favorable performance trends seen across the local skilled nursing market.
The Portage County Health Care Center provides both skilled nursing and rehabilitation services, positioning it as a healthcare-focused asset within the seniors housing and medical real estate segment. While specific details on the facility’s square footage, bed count, and occupancy were not disclosed, the property is described as a skilled nursing center that will remain in its current use following the sale.
The transaction highlights ongoing investor interest in healthcare and skilled nursing properties in secondary Midwest markets such as Stevens Point. With the buyer planning further investment and the facility maintaining its existing operations, the deal underscores the role of value-add capital in sustaining and enhancing specialized healthcare real estate.
Marcus & Millichap, a national commercial real estate brokerage firm, represented the parties in the sale. Additional information on the buyer, seller, and financing structure was not provided.
