Ray Giannini of Marcus & Millichap has sold a health care campus in Evansville, Wisconsin, the only property of its sort in town. The campus includes a 71-bed skilled nursing facility (built in 1971) that is 69% occupied with a 42% quality mix, and a 25-unit assisted living community (built in 2009) that is fully occupied with mostly private pay residents. Mr. Giannini sold the property for $5.1 million, or about $53,100 per bed/unit, with an 11.9% cap rate on annualized 2017 figures. The buyer was not disclosed.
Ray’s Evansville Sale
