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Sign up for this week's free webinars hosted by experienced investors or view previously-held webinar recordings in the Archives. Are you a wholesaler, a rehabber, a landlord, or even a turnkey investor? View all Local Real Estate forums. The property is in an urban area. I have no knowledge of cell tower leases and have no idea if this is a good rate or not. Can anyone provide any insight into this and any companies that would give good advice for this type of lease?
I have done a few. The cell tower leases are not worth very much on the open market. The question I would be asking myself is if a cell tower is the highest and best use of my land? You said an Urban area. How much land do you have? If the land is back in the woods or off the beaten path some where other types of development would not find it as desirable then the cell tower might be the answer. These leases are actually very valuable.
Whether or not you are getting a good offer requires quite a bit of more research. Couple of quick ones off the bat The list goes on an on. Just like everything in real estate, it depends on how badly they need it, and what the alternatives are. The land is improved property and already has a building and tenant on it. They want to put the tower in a corner of the property which wouldn't affect the rest of the property.
They have made an initial offer and given me a copy of their lease contract. I have no idea how much they want the property. They did say they were working on a lease on a nearby property but they couldn't agree on the lease and so they are looking for other locations. I have done a few of them but it has been a few years back. A new tower gets built that is higher or in a better location or a carrier buys out another so now they hop off of a tower because they have too many in the area.
When I had listings for property owners with cell towers I would call the cell tower lease buyer companies. The lease companies like to give themselves flexibility.
You as the owner want a stream locked in for longer as it is easier to sell later on versus options. You would need to see what impact if any a cell tower would have on your existing building and tenants and how close it would be.
You have some options but I would not delay. Options are as follows:. Execute a lease and collect monthly income. Do the above and then monetize the lease for a lump sum payout. Aside from negotiating items into and executing the lease above you would need to negotiate and execute a ground easement and lease assignment agreement with a buyer.
There are many things you need to look out for in this as well. There is a remote possibility that you could cut out the tower company and work with a partner to develop and own the tower.
This is is real money maker but it has to be done very carefully and you have to have someone that knows exactly what they are doing. There is a small chance of making this happen but thought I would mention it. PM me or call me at my number below if you would like to discuss it further. If you signed up for BiggerPockets via Facebook, you can log in with just one click! Log in with Facebook. Full Name Use your real name.
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Log In Sign up. Would really have to know the address, how large the land is, topography of your land, etc. Podcast Guest on Show Options are as follows: Log in Sign up. Log in Email Password Forgot password?