OBX Commercial Real Estate Newsletter: July 2021
by Larry Lombardi, on Jul 7, 2021 7:00:00 AM
OBX CRE Spotlight
Principal and licensed professional engineer
- Live in the Great Bridge section of Chesapeake
- Grew up in Durham, NC
- Married almost 40 years (in October of this year) to my college sweetheart, Mollie
- Two kids and four grandkids (currently) all living in Raleigh, NC
- Graduated from NC State University with a BS in civil engineering
How long have you been working in commercial real estate?
How did you first get into real estate?
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?
39% of restaurants can't afford June rent, report finds
Microbrewery, Restaurant and Farm
The Weeping Radish Farm Brewery in Grandy, NC includes the full scale brewery, full service restaurant, a butcher’s facility, and a 25-acre farm. This business is located on the main artery to the Outer Banks of North Carolina. Every weekend in season over 200,000 cars travel past this location to and from the Outer Banks. The asking price is for the the real estate, owner is including the businesses, trade name, good will and equipment in the sale (this equipment replacement cost of over $500,000). The complex includes 25.23 acres of land, zoned light manufacturing. The building dimensions are 100 x 150 ft. The building has over 20,000 sq. ft. of usable space.