[[{“value”:”
Entre Commercial Realty has completed the sale of a retail and automotive property with additional outdoor storage in Crystal Lake, Illinois. The asset is located at 7218 Virginia Rd., in what is described as the heart of the Crystal Lake community.
The property includes a 16,780-square-foot building situated on 2.71 acres. The configuration supports both retail and automotive uses, along with outdoor storage space, which can be a key feature for service-oriented and vehicle-related operations.
The buyer is a business that intends to occupy the property for automotive purposes. While the specific nature of the automotive use was not disclosed, the acquisition reflects ongoing demand for well-located, flexible-use properties that can accommodate both customer-facing and service functions.
Details such as the transaction price, cap rate, and closing date were not provided. The identities of the buyer and seller, as well as any financing terms or lender involvement, were also not disclosed. However, the sale underscores continued investor and owner-user interest in suburban retail and service properties with ample land and storage capacity.
For the Crystal Lake market, the transaction removes a multi-tenant-capable retail and automotive asset from the pool of available inventory and places it into owner-user hands. This can influence local availability of similar space for lease and may support values for comparable properties with significant land components and outdoor storage.
“}]]
