Press Releases
Marcus & Millichap Arranges $2.7M Sale of Skilled Nursing Facility and Rehabilitation Center in Stevens Point, Wisconsin
February 19, 2026
STEVENS POINT, Wis., Feb. 19, 2026 – 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 Portage County Health Care Center, a skilled nursing and rehabilitation center located in Stevens Point, Wisconsin. The property sold for $2.7 million.
“The buyer has committed to investing additional capital improvements above and beyond the purchase price,” said Ray Giannini, senior managing director investments. “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.”
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 and provides inpatient and outpatient services, including physical, occupational and speech therapy. Originally built in 1965, the property was expanded with additions in 1985 and 1994.
“The buyer has committed to investing additional capital improvements above and beyond the purchase price,” said Ray Giannini, senior managing director investments. “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.”
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 and provides inpatient and outpatient services, including physical, occupational and speech therapy. Originally built in 1965, the property was expanded with additions in 1985 and 1994.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
