Press Releases
Marcus & Millichap Arranges $9.5M Sale of Skilled Nursing Facility in Merrill, Wisconsin
August 07, 2025
MERRILL, Wis., Aug. 7, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Pine Crest Nursing Home facility in Merrill, Wisconsin. The property sold for $9.5 million.
“As the only skilled nursing facility in Merrill, the property drew strong interest during a highly competitive marketing process,” said Ray Giannini, senior managing director investments. “With current occupancy at 70% and strong Medicaid and Medicare per diem rates, the buyer sees significant opportunity to increase both occupancy and revenue moving forward.”
Giannini, investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Pine Crest Nursing Home is a 120-bed skilled nursing facility located at 2100 E. 6th St. Operated by North Central Health Care, the property features 117 units, including 105 private rooms and 15 semi-private rooms. The facility has served the area for nearly 70 years, with several phases of construction, including the recent addition of a memory care unit, rehabilitation center and special care units.
“As the only skilled nursing facility in Merrill, the property drew strong interest during a highly competitive marketing process,” said Ray Giannini, senior managing director investments. “With current occupancy at 70% and strong Medicaid and Medicare per diem rates, the buyer sees significant opportunity to increase both occupancy and revenue moving forward.”
Giannini, investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Pine Crest Nursing Home is a 120-bed skilled nursing facility located at 2100 E. 6th St. Operated by North Central Health Care, the property features 117 units, including 105 private rooms and 15 semi-private rooms. The facility has served the area for nearly 70 years, with several phases of construction, including the recent addition of a memory care unit, rehabilitation center and special care units.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
