Grubb & Ellis Healthcare REIT II Inc. has acquired Lafayette Physical Rehabilitation Hospital, a 32-bed rehabilitation hospital in Lafayette for $12 million.

The one-story facility was built in 2006 and has 26,000 square feet of space. Lafayette Physical Rehabilitation Hospital LLC is leasing the building until 2026; the business provides rehab services including physical and occupational therapy, speech pathology and psychology.

Grubb & Ellis bought the building from HFG Lafayette LLC, an unaffiliated third party represented by Mike Coiro and Bill Bennett of Capital Hospital Finance Group.