MCHENRY, ILL. — Entre Commercial Realty has brokered the sale of a 56,254-square-foot industrial building located at 4610 Prime Parkway in McHenry, about 50 miles northwest of Chicago. The property had been on the market for more than two years before the owner engaged Entre to evaluate and handle the sale. The building was extremely specialized as a prior owner had outfitted a significant portion of the interior with a two-story production mezzanine. According to Entre, it became evident that the layout was too specialized for most of today’s users in search of higher cube warehouse space, lower office ratios and extra land.
Entre engaged with an architectural firm, structural engineer and construction company to evaluate the feasibility and cost to remove the partially structural mezzanine and restore the building to a more generic warehouse-type building that would meet today’s user demand. Entre identified that the property could be transformed back into a smaller 42,000-square-fot building with a two-acre land parcel for parking or outdoor storage.
After the property was relaunched to the market, it sold to Viper Holdings, which provides scissors and boom lifts to the construction industry. Entre’s Dan Jones, Dan Benassi and Sam Deihs represented the undisclosed seller. Adam Fortino of Marcus & Millichap represented Viper Holdings.