Updated Aug 13, 2025
Marcus & Millichap Brokers $9.5 Million Sale Of Pine Crest Nursing Home In Merrill Wisconsin
2100 East 6th Street
$9,500,000
Units
117
Asset Type
Nursing Home
Closing
Aug 11, 2025
About this deal
AI
The 120-bed Pine Crest Nursing Home is located at 2100 East 6th Street in Merrill, Wisconsin. The facility encompasses 117 units, providing private, semi-private, memory care, rehabilitation, and special care units. The property was sold for $9,500,000.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $9,500,000
- Address: 2100 East 6th Street
- Market: Merrill, WI
- Units: 120 beds
- Broker: Ray Giannini - Marcus & Millichap
North Central Health Care operates the nursing home, which includes various types of care options for residents. Marcus & Millichap facilitated the transaction, representing the seller in the sale of this healthcare asset.
Players
Merrill Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93