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.