Outer Banks Commercial Real Estate Newsletter: November 2020
by Larry Lombardi, on Nov 10, 2020 8:00:56 AM
OBX CRE Spotlight
Vice President, S.L. Nusbaum
- Born and raised in Washington, D.C.
- BA - American Literature - George Washington University
- JD - Brooklyn Law School
- Lives in downtown Norfolk two blocks from his office in the Wells Fargo Center
- Spent 20 years as a motion picture studio executive and producer in Los Angeles. His credits include The Sandlot and GI Jane.
- Father to two sons, Nicholas and Alexander
How long have you been working in commercial real estate?
How did you first get into real estate?
My father and uncle were successful commercial real estate broker/developers in Washington, D.C. My real estate education began during long weekend drives to see property, and conversations at dinner with my father.
By age 18, I was well versed in concepts like cash-on-cash return, cap rates, and net lease. I came to Hampton Roads from Los Angeles on a three-year contract to produce series television, fell in love with the area, and never went back.
Some mutual friends introduced me to S.L. Nusbaum CEO Miles Leon, who took a chance and offered me a desk. Looking back, staying here was one of the best decisions I have ever made.
What was your first CRE transaction?
What was your most memorable CRE transaction?
What's your favorite part of working in CRE?
What’s the biggest misconception about CRE?
How would you describe the commercial real estate market in northeastern NC and the Outer Banks?
Can you share one great piece of advice for someone looking to buy/lease commercial property or land?
What is your favorite thing about the Outer Banks?
What's your favorite way to spend your free time?
Currituck County Featured Property
Retail/Offices in Corolla, NC
Unique opportunity to own high exposure commercial property! Corner lot is zoned General Business and has 165 feet of highway frontage on NC 12/Ocean Trail with additional frontage on Persimmon St. Current layout has five potential retail/office spaces on ground level and top floor has four separate office suites. Two storage buildings are located on the rear of the property.