Coffman Commons 4251 Legion Rd , Hope Mills NC 28348 O F F E R I N G
M E M O R A N D U M
Patrick Murray, CCIM
Rishi Shah, CCIM
Susan Evans
Broker in Charge (910) 988-5284
[email protected] Lic: 231098
Broker (910) 977-1596
[email protected] Lic: NC 281901
Broker (919) 920-2140
[email protected] Lic: NC 93980
Coffman Commons CONTENTS 01
Executive Summary
05
Investment Summary Location Summary
02
03
Rent Comps Rent Comparables Rent Comparables Summary Rent Comparables Map
04
Income & Expense Analysis Multi-Year Cash Flow Assumptions Cash Flow Analysis Financial Metrics
Property Description Property Features Aerial Map Parcel Map Property Images
Financial Analysis
06
Demographics Demographics Demographic Charts
07
Company Profile Advisor Profile
Rent Roll Rent Roll Lease Expiration Tenant Profile
Exclusively Marketed by:
Patrick Murray, CCIM
Rishi Shah, CCIM
Susan Evans
Broker in Charge (910) 988-5284
[email protected] Lic: 231098
Broker (910) 977-1596
[email protected] Lic: NC 281901
Broker (919) 920-2140
[email protected] Lic: NC 93980
150 N McPherson Church Rd, Fayetteville, NC 28303 We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
..................................................... Executive Summary
Investment Summary
Location Summary
COFFMAN COMMONS
Coffman Commons | Executive Summary
01
OFFERING SUMMARY ADDRESS
4251 Legion Rd Hope Mills NC 28348
•
Upside with the ability to lease up vacant space and large storage yard in the rear
• •
Built in two phases with the first in 2006 and second in 2008
COUNTY
Cumberland
MARKET
Fayetteville MSA
SUBMARKET
Hope Mills MSA
BUILDING SF
23,882 SF
Location Summary
GLA (SF)
23,400
•
LAND ACRES
4.01
YEAR BUILT
2006-2008
Coffman Commons is located near the signalized intersection of Legion Rd and Elk Rd in the Hope Mills, NC area. The population in a three mile radius is over 44,000 with an average household income of over $56,000.
APN
0424-08-5428
OWNERSHIP TYPE
Fee Simple
•
Located in the fast growing town of Hope Mills at the intersection of Legion Rd and Elk Rd, and just a few minutes away from Business 95
•
Over 44,000 residents and customers within a three mile radius with nearly 17,000 households
•
Shopping center is surrounded by three schools-South View High School, South View Middle School, and Baldwin Elementary School
FINANCIAL SUMMARY OFFERING PRICE
$3,699,000
PRICE PSF
$158.08
NOI (CURRENT)
$204,387
CAP RATE (CURRENT)
5.53 %
CAP RATE (PRO FORMA)
7.30 %
DEMOGRAPHICS
1 MILE
3 MILE
5 MILE
2021 Population
7,009
44,209
99,734
2021 Median HH Income
$54,507
$43,959
$47,307
2021 Average HH Income
$65,360
$56,581
$62,309
Pylon sign with digital board along Legion Rd with great visibility to traffic
Property Summary
• •
Brand-New TPO Roof with 20-year Watertight Warranty
•
Most spaces within the center are 1200 SF allowing for a wider tenant pool of prospects for vacant spaces
Directly Across from a WalMart Neighborhood anchored shopping center with Anytime Fitness, Hardee's, Waffle House, and more
Investment Summary | Coffman Commons
4
Location Summary | Coffman Commons
5
Property Description Property Features Aerial Map Parcel Map Property Images
COFFMAN COMMONS
.....................................................
Coffman Commons | Property Description
02
PROPERTY FEATURES
TENANT INFORMATION
NUMBER OF TENANTS
9
MAJOR TENANT/S
Pivot Physical Therapy, Stop Button
BUILDING SF
23,882
LEASE TYPE
Gross, NNN
GLA (SF)
23,400
LAND ACRES
4.01
YEAR BUILT
2006-2008
# OF PARCELS
1
ZONING TYPE
CP
BUILDING CLASS
B
TOPOGRAPHY
Flat
LOCATION CLASS
A
NUMBER OF STORIES
1
NUMBER OF BUILDINGS
2
LOT DIMENSION
437'x257'
NUMBER OF PARKING SPACES
141
PARKING RATIO
5.9
STREET FRONTAGE
437
CORNER LOCATION
No
TRAFFIC COUNTS
14,000
NUMBER OF INGRESSES
2
NUMBER OF EGRESSES
2
OCCUPANCY RATE
85%
NEIGHBORING PROPERTIES NORTH
Walmart Neighborhood
SOUTH
Schools
EAST
Future Gas Station
WEST
Residential
Property Features | Coffman Commons
7
Aerial Map | Coffman Commons
8
Parcel Map | Coffman Commons
9
Property Images | Coffman Commons
10
Property Images | Coffman Commons
11
Rent Comps Rent Comparables Rent Comparables Summary Rent Comparables Map
COFFMAN COMMONS
.....................................................
Coffman Commons | Rent Comps
03
1
BUILDING SF
1,400
YEAR BUILT
2022
LEASE TYPE
NNN
RENT PSF (YEARLY)
$31.00
RENT PSF (MONTHLY)
$2.58
DISTANCE
2.8 miles
BUILDING SF
1,400
YEAR BUILT
2017
LEASE TYPE
NNN
RENT PSF (YEARLY)
$25.46
RENT PSF (MONTHLY)
$2.12
DISTANCE
0.9 miles
ANNUAL RENT PSF
LOW
BUILDING SF
LOW
$12 - $31
HIGH
1,200 - 23,400
HIGH
Nail Swag 3065 N Main St Hope Mills, NC 28348
2
ANNUAL RENT PSF
LOW
BUILDING SF
LOW
$12 - $31
HIGH
1,200 - 23,400
HIGH
Vapor World 4220 Legion Rd Hope Mills, NC 28348
Rent Comparables | Coffman Commons
13
3
BUILDING SF
1,200
YEAR BUILT
2017
LEASE TYPE
NNN
RENT PSF (YEARLY)
$22.95
RENT PSF (MONTHLY)
$1.91
DISTANCE
0.9 miles
BUILDING SF
1,400
YEAR BUILT
2017
LEASE TYPE
NNN
RENT PSF (YEARLY)
$24.76
RENT PSF (MONTHLY)
$2.06
DISTANCE
0.9 miles
ANNUAL RENT PSF
LOW
BUILDING SF
LOW
$12 - $31
HIGH
1,200 - 23,400
HIGH
Liberty Tax 4220 Legion Rd Hop, NC 28348
4
ANNUAL RENT PSF
LOW
BUILDING SF
LOW
$12 - $31
HIGH
1,200 - 23,400
HIGH
Nail Salon 4220 Legion Rd Hope Mills, NC 28348
Rent Comparables | Coffman Commons
14
S
BUILDING SF
23,400
LAND ACRES
4.01
LEASE TYPE
Gross, NNN
RENT PSF (YEARLY)
$12.13
RENT PSF (MONTHLY)
$1.01
ANNUAL RENT PSF
LOW
BUILDING SF
LOW
$12 - $31
HIGH
1,200 - 23,400
HIGH
Coffman Commons 4251 Legion Rd Hope Mills, NC 28348
Rent Comparables | Coffman Commons
15
PROPERTY
BLDG SF
PSF (YR)
PSF (MO)
Occupancy
Built
Lease Type
DISTANCE (mi)
1
Nail Swag 3065 N Main St Hope Mills, NC 28348
1,400
$31.00
$2.58
0%
2022
NNN
2.80
2
Vapor World 4220 Legion Rd Hope Mills, NC 28348
1,400
$25.46
$2.12
0%
2017
NNN
0.90
3
Liberty Tax 4220 Legion Rd Hop, NC 28348
1,200
$22.95
$1.91
0%
2017
NNN
0.90
4
Nail Salon 4220 Legion Rd Hope Mills, NC 28348
1,400
$24.76
$2.06
0%
2017
NNN
0.90
AVERAGES
1,350
$26.04
$2.17
0%
2018
SUBJECT
23,400
$12.13
$1.01
0%
Gross, NNN
Rent Comparables Summary | Coffman Commons
16
#
Property Name
Address
City
S 1 2 3 4
Coffman Commons Nail Swag Vapor World Liberty Tax Nail Salon
4251 Legion Rd 3065 N Main St 4220 Legion Rd 4220 Legion Rd 4220 Legion Rd
Hope Mills Hope Mills Hope Mills Hop Hope Mills
Rent Comparables Map | Coffman Commons
17
..................................................... Rent Roll
Rent Roll
Lease Expiration
Tenant Profile
COFFMAN COMMONS
Coffman Commons | Rent Roll
04
Lease Term
Rental Rates
Suite
Tenant Name
Square Feet
% of GLA
Lease Start
Lease End
Begin Date
Monthly
PSF
Annual
PSF
101
Vacant
1,200
5.13 %
01/01/23
12/31/27
FUTURE
$1,400
$1.17
$16,800
$14.00
01/01/2024
$1,428
$1.19
$17,136
$14.28
02/28/27
CURRENT
$3,000
$2.50
$36,000
$30.00
$3,180 $3,992
$2.65 $1.11
$38,160 $47,902
$31.80 $13.31
103
Bronxwood 1,200 Construction Services
5.13 %
03/01/22
CAM Revenue Annual
Lease Type MG
MG
Additional 0.26± ACs included in rear of property - 80 ft North to South & 142 East to West
N
Tenant responsible for pro-rata real estate taxes and CAM
105109
Pivot Physical Therapy
3,600
15.38 %
10/25/06
11/30/27
03/01/2026 CURRENT
111
1,200
5.13 %
06/01/19
05/31/25
CURRENT
$1,650
$1.38
$19,800
$16.50
MG
113
Vance Johnson Plumbing Smith Family Dojo
1,200
5.13 %
04/01/19
09/30/22
CURRENT
$1,600
$1.33
$19,200
$16.00
MG
115 117
Vacant Legion Road Nails
1,200 1,200
5.13 % 5.13 %
01/01/23 10/01/20
12/31/27 09/30/25
FUTURE CURRENT
$1,400 $1,739
$1.17 $1.45
$16,800 $20,868
$14.00 $17.39
NNN MG
119 121
Vacant Legion Tobacco
1,200 1,200
5.13 % 5.13 %
01/01/23 04/01/19
12/31/27 03/31/27
FUTURE CURRENT
$1,400 $1,754
$1.17 $1.46
$16,800 $21,048
$14.00 $17.54
NNN MG
123 125
Moxie Hair Salon Kiss Me Cakes
1,200 1,200
5.13 % 5.13 %
05/23/19 01/01/22
05/31/25 12/31/26
CURRENT CURRENT
$1,590 $1,470
$1.33 $1.23
$19,080 $17,640
$15.90 $14.70
127135
Stop Button
6,000
25.64 %
11/03/16
03/31/27
CURRENT
$6,600
$1.10
$79,200
$13.20
01/01/20
12/31/23
CURRENT
$250
01/01/23
12/31/27
CURRENT
$1,500 $24,895
Green Zone WHS Totals
1,800 23,400
7.69 %
Options/Notes
$4,790
$1,590
Month-to-Month
N MG
$3,000 $0.83
$18,000 $298,738
$10.00
NNN $6,379
Rent Roll | Coffman Commons
19
Lease Expiration | Coffman Commons
20
Company Trade Name
Pivot Physical Therapy
Headquartered
Towson, MD
# of Locations
250
Website
https://www.pivotphysicaltherapy.com/
Description Pivot Physical Therapy is the premier provider of physical, occupational, speech and sports medicine services with over 250 locations throughout the East Coast. Its staff is comprised of the region's most reputable clinicians dedicated to providing the highest quality patient care. Utilizing evidencebased practice and ongoing clinical successes, Pivot Physical Therapy is a preferred provider to top physicians.
Company Trade Name
Stop Button Barcade
Headquartered
Hope Mills, NC
# of Locations
1
Website
https://www.stopbuttonbar.com/
Description Stop Button Arcade + Bar was opened by Army Veterans Zack Crane & Chris Humann. Stop Button prides itself on providing the area's best free-to-play arcade, offering the area's widest selection of arcade, pinball, and rhythm games in a family-friendly environment. Stop Button is an official Fighting Game community venue for ESports with weekly tournaments.
Tenant Profile | Coffman Commons
21
Company Trade Name
Bronxwood Construction Services
Headquartered
Hope Mills, NC
# of Locations
1
Website
https://www.bronxwoodconstructionservices.com/
Description Bronxwood Construction Services is in the business of making your business easier. They come into projects looking to finish them on time and on budget for everyone involved while doing it safely. They work every day to apply and share their know-how that benefits the people and companies they serve. Bronxwood is always looking to exceed expectations at every project.
Company Trade Name
Vance Johnson Plumbing Company
Headquartered
Hope Mills, NC
# of Locations
2
Website
http://www.vancejohnsonplumbing.com/
Description Vance Johnson Plumbing Company is a family owned and operated plumbing company serving Fayetteville, Wilmington and the surrounding areas for over 35 years. They are a licensed, insured and bonded plumbing company serving both residential and commercial clients. When it comes to your plumbing needs, they provide timely service and exceptional workmanship you can depend on. Vance Johnson Plumbing Company stands behind their work.
Tenant Profile | Coffman Commons
22
Financial Analysis Income & Expense Analysis Multi-Year Cash Flow Assumptions Cash Flow Analysis Financial Metrics
COFFMAN COMMONS
.....................................................
Coffman Commons | Financial Analysis
05
REVENUE ALLOCATION
INCOME
CURRENT
Gross Potential Rent
$283,738
97.8 %
$345,612
96.0 %
Expense Reimbursement Revenue
$6,359
2.2 %
$14,389
4.0 %
Effective Gross Income
$290,097
Less Expenses
$85,710
Net Operating Income
$204,387
Income Notes:
PRO FORMA
CURRENT
$360,001 29.54 %
$89,904
24.97 %
$270,097
Assumptions: Lease up vacant retail space at $14/sf NNN with 2% annual increases Lease up warehouse at $10/sf NNN All tenants exercise lease renewal options
EXPENSES
CURRENT
PRO FORMA
Real Estate Taxes
$30,068
$30,068
Insurance
$3,576
$3,576
Management Fee
$17,406
$21,600
Repairs & Maintenance
$5,700
$5,700
Fire System
$500
$500
Landscaping
$12,000
$12,000
Utilities
$14,460
$14,460
Parking Lot
$1,000
$1,000
Roof
$1,000
$1,000
Total Operating Expense
$85,710
$89,904
Expense / SF
$3.66
$3.84
% of EGI
29.54 %
24.97 %
DISTRIBUTION OF EXPENSES CURRENT
Income & Expense Analysis | Coffman Commons
24
GLOBAL Offering Price
$3,699,000
Multi-Year Cash Flow Assumptions | Coffman Commons
25
Calendar Year
CURRENT
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Year 11
Gross Rental Income
$283,738
$345,612
$337,404
$338,076
$344,046
$345,371
$355,693
$360,476
$364,192
$365,275
$370,069
Expense Reimbursement Revenue
$6,359
$14,389
$14,485
$14,774
$15,070
$15,371
$15,679
$15,992
$16,312
$16,638
$16,971
Effective Gross Income
$290,097
$360,001
$351,889
$352,850
$359,116
$360,742
$371,372
$376,468
$380,504
$381,913
$387,040
Real Estate Taxes
$30,068
$30,068
$30,068
$30,068
$30,068
$30,068
$30,068
$30,068
$30,068
$30,068
$30,068
Insurance
$3,576
$3,576
$3,576
$3,576
$3,576
$3,576
$3,576
$3,576
$3,576
$3,576
$3,576
Management Fee
$17,406
$21,600
$21,113
$21,171
$21,547
$21,645
$22,282
$22,588
$22,830
$22,915
$23,222
Repairs & Maintenance
$5,700
$5,700
$5,700
$5,700
$5,700
$5,700
$5,700
$5,700
$5,700
$5,700
$5,700
Fire System
$500
$500
$500
$500
$500
$500
$500
$500
$500
$500
$500
Landscaping
$12,000
$12,000
$12,000
$12,000
$12,000
$12,000
$12,000
$12,000
$12,000
$12,000
$12,000
Utilities
$14,460
$14,460
$14,460
$14,460
$14,460
$14,460
$14,460
$14,460
$14,460
$14,460
$14,460
Parking Lot
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
Roof
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000
Total Operating Expense
$85,710
$89,904
$89,417
$89,475
$89,851
$89,949
$90,586
$90,892
$91,134
$91,219
$91,526
Net Operating Income
$204,387
$270,097
$262,472
$263,375
$269,265
$270,793
$280,786
$285,576
$289,370
$290,694
$295,514
Cash Flow
$204,387
$270,097
$262,472
$263,375
$269,265
$270,793
$280,786
$285,576
$289,370
$290,694
$295,514
Gross Potential Revenue
Operating Expenses
Effective Gross Income
vs. Operating Expenses
Cash Flow
Cash Flow Analysis | Coffman Commons
26
Calendar Year
CURRENT
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Year 11
CAP Rate Operating Expense Ratio Breakeven Ratio Price / SF Income / SF Expense / SF
5.53 % 29.54 % 29.55 % $158.08 $12.39 $3.66
7.30 % 24.97 % 24.97 % $158.08 $15.38 $3.84
7.10 % 25.41 % 25.41 % $158.08 $15.03 $3.82
7.12 % 25.35 % 25.36 % $158.08 $15.07 $3.82
7.28 % 25.02 % 25.02 % $158.08 $15.34 $3.83
7.32 % 24.93 % 24.93 % $158.08 $15.41 $3.84
7.59 % 24.39 % 24.39 % $158.08 $15.87 $3.87
7.72 % 24.14 % 24.14 % $158.08 $16.08 $3.88
7.82 % 23.95 % 23.95 % $158.08 $16.26 $3.89
7.86 % 23.88 % 23.88 % $158.08 $16.32 $3.89
7.99 % 23.64 % 23.65 % $158.08 $16.54 $3.91
Financial Metrics | Coffman Commons
27
..................................................... Demographics
Demographics
Demographic Charts
COFFMAN COMMONS
Coffman Commons | Demographics
06
POPULATION
1 MILE
3 MILE
5 MILE
HOUSEHOLDS
1 MILE
3 MILE
5 MILE
2000 Population
4,385
35,259
82,701
2000 Total Housing
1,686
14,557
34,107
2010 Population
6,855
43,451
95,525
2010 Total Households
2,387
16,408
36,839
2021 Population
7,009
44,209
99,734
2021 Total Households
2,448
16,851
38,601
2026 Population
7,076
44,635
101,111
2026 Total Households
2,476
17,054
39,173
2021 African American
2,559
15,758
34,747
2021 Average Household Size
2.86
2.60
2.57
2021 American Indian
140
1,264
2,421
2000 Owner Occupied Housing
1,069
8,894
20,581
2021 Asian
139
809
2,660
2000 Renter Occupied Housing
455
4,108
10,507
2021 Hispanic
945
6,015
12,521
2021 Owner Occupied Housing
1,402
9,082
21,130
2021 Other Race
291
2,074
4,059
2021 Renter Occupied Housing
1,046
7,769
17,471
3,491
21,617
49,750
181
1,897
4,426
367
2,546
5,797
2021 Total Housing
2,629
18,748
43,027
0.95 %
0.95 %
1.35 %
2026 Owner Occupied Housing
1,437
9,342
21,842
2026 Renter Occupied Housing
1,039
7,712
17,331
1 MILE
3 MILE
5 MILE
less than $15,000
281
2,443
5,281
215
2,222
5,175
$15,000-$24,999
225
1,996
4,329
2,691
19,276
44,348
$25,000-$34,999
200
1,830
4,036
1.15 %
1.20 %
1.45 %
$35,000-$49,999
397
3,175
6,544
$50,000-$74,999
483
3,001
6,797
$75,000-$99,999
377
1,911
4,567
$100,000-$149,999
393
1,899
4,939
$150,000-$199,999
51
409
1,342
$200,000 or greater
42
188
765
Median HH Income
$54,507
$43,959
$47,307
Average HH Income
$65,360
$56,581
$62,309
2021 White 2021 Multiracial 2021-2026: Population: Growth Rate 2021 HOUSEHOLD INCOME
Source: esri
2021 Vacant Housing
2026 Vacant Housing 2026 Total Housing 2021-2026: Households: Growth Rate
Demographics | Coffman Commons
29
2021 POPULATION BY AGE
1 MILE
3 MILE
5 MILE
2021 Population Age 30-34
582
3,518
7,688
2021 Population Age 35-39
609
3,568
2021 Population Age 40-44
508
2021 Population Age 45-49
1 MILE
3 MILE
5 MILE
2026 Population Age 30-34
729
3,730
8,444
7,386
2026 Population Age 35-39
605
3,547
7,730
3,014
6,392
2026 Population Age 40-44
555
3,255
6,971
458
2,660
6,094
2026 Population Age 45-49
429
2,737
5,999
2021 Population Age 50-54
409
2,555
6,042
2026 Population Age 50-54
369
2,369
5,602
2021 Population Age 55-59
393
2,678
6,248
2026 Population Age 55-59
334
2,305
5,603
2021 Population Age 60-64
298
2,302
5,635
2026 Population Age 60-64
313
2,357
5,625
2021 Population Age 65-69
210
1,790
4,505
2026 Population Age 65-69
237
2,015
5,067
2021 Population Age 70-74
167
1,431
3,602
2026 Population Age 70-74
155
1,516
3,885
2021 Population Age 75-79
93
903
2,376
2026 Population Age 75-79
117
1,105
2,925
2021 Population Age 80-84
58
576
1,539
2026 Population Age 80-84
60
667
1,793
2021 Population Age 85+
46
464
1,368
2026 Population Age 85+
47
500
1,478
2021 Population Age 18+
5,013
32,506
75,167
2026 Population Age 18+
5,002
32,662
76,134
33
35
36
33
35
36
1 MILE
3 MILE
5 MILE
1 MILE
3 MILE
5 MILE
Median Household Income 25-34
$51,811
$46,623
$48,186
Median Household Income 25-34
$53,884
$51,886
$54,394
Average Household Income 25-34
$59,633
$56,757
$59,755
Average Household Income 25-34
$66,302
$64,722
$68,603
Median Household Income 35-44
$66,290
$53,700
$55,164
Median Household Income 35-44
$77,564
$61,807
$64,124
Average Household Income 35-44
$74,712
$66,422
$69,512
Average Household Income 35-44
$84,290
$75,640
$78,857
Median Household Income 45-54
$64,417
$52,344
$58,909
Median Household Income 45-54
$75,095
$58,523
$65,886
Average Household Income 45-54
$74,653
$65,628
$74,463
Average Household Income 45-54
$86,261
$74,865
$83,180
Median Household Income 55-64
$55,967
$43,627
$50,210
Median Household Income 55-64
$61,081
$49,728
$56,695
Average Household Income 55-64
$65,561
$55,603
$64,692
Average Household Income 55-64
$73,676
$64,180
$74,563
Median Household Income 65-74
$47,373
$37,211
$41,909
Median Household Income 65-74
$50,000
$39,333
$46,066
Average Household Income 65-74
$57,953
$45,840
$56,558
Average Household Income 65-74
$65,911
$51,982
$64,068
Average Household Income 75+
$41,785
$35,903
$42,976
Average Household Income 75+
$44,350
$39,867
$48,597
2021 Median Age 2021 INCOME BY AGE
2026 POPULATION BY AGE
2026 Median Age 2026 INCOME BY AGE
Demographics | Coffman Commons
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2021 Household Income 1 Mile Radius
3 Mile Radius
5 Mile Radius
3 Mile Radius
5 Mile Radius
2021 Population by Race 1 Mile Radius
Demographic Charts | Coffman Commons
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2021 Household Occupancy - 1 Mile Radius
2021 Household Income Average and Median Average Income
Median Income
Demographic Charts | Coffman Commons
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..................................................... Company Profile
Advisor Profile
COFFMAN COMMONS
Coffman Commons | Company Profile
07
Patrick began his real estate career in 2005 by assisting with the leasing and management of shopping centers. He has completed $75+ million in transactions by representing sellers and buyers of commercial real estate, providing tenant representation, and leasing of retail and office properties. Prior to beginning his real estate career, Patrick served over five years in the Army Reserves and attended North Carolina State University.
Patrick Murray, CCIM Broker in Charge
Patrick was awarded the prestigious Certified Commercial Investment Member (CCIM) designation in October 2007. In June 2011, he became the only broker in the market to attain the Certified Leasing Specialist (CLS) designation. Patrick is a member of the International Council of Shopping Centers (ICSC), the North Carolina and Fayetteville Realtor Association, and the Fayetteville-Cumberland County Chamber of Commerce. Patrick served on the executive committee for the board of directors for the NC CCIM Chapter and was the NC CCIM Chapter president in 2021. He is a licensed real estate broker in NC, SC, and GA.
Advisor Profile | Coffman Commons
34
Rishi began his real estate career in 2014 after attending the University of North Carolina at Chapel Hill. He advises investors in all aspects of real estate from producing buyers, sellers, and tenants. He has completed over 150+ transactions to date. Rishi was awarded the prestigious Certified Commercial Investment Member (CCIM) designation in 2017. Rishi is a member of the International Council of Shopping Centers (ICSC), the North Carolina and Fayetteville and Realtor Association, and the Fayetteville-Cumberland Chamber of Commerce. Rishi unites his local market knowledge with his deal-making expertise in representing clients.
Rishi Shah, CCIM Broker
Advisor Profile | Coffman Commons
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Susan Evans has been active in the real estate industry since 1981. Mortgage lending, appraising, property management, residential & commercial sales, and investment property, are some of the many aspects of real estate in which she has worked. Susan is a Fayetteville native. She has recently chosen to return to Fayetteville and has surrounded herself with the love of family. Living with the men and women who put their lives on the line for me daily has given me a great appreciation of freedom. It isn't free.
Susan Evans Broker
Advisor Profile | Coffman Commons
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Coffman Commons
Exclusively Marketed by:
Patrick Murray, CCIM
Rishi Shah, CCIM
Susan Evans
Broker in Charge (910) 988-5284
[email protected] Lic: 231098
Broker (910) 977-1596
[email protected] Lic: NC 281901
Broker (919) 920-2140
[email protected] Lic: NC 93980
150 N McPherson Church Rd, Fayetteville, NC 28303