Property Address:

210 & 220 3RD Street NW, Pine Island Minnesota 55963

Opportunity:

Redbrick Commercial is pleased to present the opportunity to acquire the fee simple interest in the Pine Haven Care Center, which consists of the 70 bed, 51,983 square foot Pine Haven skilled nursing facility and the 24 room, 21,750 square foot Evergreen assisted living facility.

Sale Price:

Negotiable - Call for Offers: June, 2023

Sale Flyer:

Pine Haven Fact Sheet

Full Offering Memorandum upon request

The Pine Haven skilled nursing facility provides a value
add opportunity to grow the existing 79% occupancy plus 2.75% assumable debt for eligible borrowers, and future expansion on a 2.6 acre vacant lot. Built in 1964, the original facility has been well maintained with recent
system and structure improvements and includes an
exceptional 2016 addition housing skilled nursing and
rehabilitation services.

Evergreen Place is a 1995 two story assisted living facility offering residents one and two bedroom apartments, currently at 87% occupancy. The property was designed with individually controlled air conditioning and heating, large windows, bright airy full kitchens and beautiful common area spaces.

The properties offer buyers the opportunity to own an
astonishing care campus in the Pine Island community,
located just 15 minutes from Rochester, MN. Given
limited like kind product in the region and the growing
need for care facilities, the property is ideally positioned
to serve the local community for many years to come.