Retail (MT)
Debt & Equity

NorthMarq refinances $1.58 million retail property in Brooklyn Park, Minnesota

MINNEAPOLIS, MINNESOTA (March 22, 2021) – Michael Padilla, vice president of NorthMarq’s Minneapolis office secured the $1,580,000 acquisition of 4 Wheel Parts. The retail property has 12,000 rentable sq. ft. and is located on 6771 Boone Avenue North, Brooklyn Park, Minnesota. 4 Wheel Parts located in a very traffic-heavy area near the intersection of two major highways in Minnesota. 

The transaction was structured with a 10-year term on a 25-year amortization schedule. NorthMarq arranged the permanent-fixed loan for the borrower through its relationship with a credit union.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit:

4 Wheel Parts
Permanent Loan - Fixed