Updated Feb 25, 2026
Marcus & Millichap Brokers $2.7M Sale Of Portage County Health Care Center In Stevens Point WI
825 Whiting Avenue
$2,700,000
$33/SF
Building Size
81,562 SF
Asset Type
Nursing Home
Closing
Feb 25, 2026
About this deal
AI
The property involved in the transaction is a nursing home located at 825 Whiting Avenue in Stevens Point, WI. This asset encompasses 16 acres and has a total square footage of 81,562. The sale was finalized at a price of $2,700,000, translating to a price per square foot of $33.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $2,700,000
- Address: 825 Whiting Avenue
- Market: Stevens Point, WI
- Acres: 16
- Square Footage: 81,562
- Price per Square Foot: $33
Ray Giannini from Marcus & Millichap represented Portage County in this transaction, facilitating the sale of the Portage County Health Care Center, which accommodates 48 beds for skilled nursing and rehabilitation services.
Players
Stevens Point 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93