Marcus & Millichap Arranges the Sale of a 40,306-Square-Foot Seniors Housing Property in Shell Lake, WI

Shell Lake, WI, September 28, 2021 - 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 Shell Lake Health Care Center, a 40,306-square-foot seniors housing property located in Shell Lake, WI, according to Todd E. Lindblom, regional manager of the firm's Milwaukee office. The asset sold for $1,500,000.

Ray Giannini, an investment specialist in Marcus & Millichap's Milwaukee office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was secured and represented by Ray Giannini.

Shell Lake Health Care Center is located at 802 County Hwy B in Shell Lake, WI. "The facility has 50 beds, was built in 1982, and 86 percent occupied at closing," says Giannini.

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About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry's most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.

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