Yes.. a site that has multiple carriers is worth more to you if you craft the next lease properly. I would not look to sell the lease for a perpetual easement if you can avoid doing so. Please give us a call as we need some additional site specific info so we can give you proper advice. Our initial consultation is free.
Apr 07, 2014 Rating
to anonymous by: Anonymous
I have a tower with Verizon on it. I believe they have just added AT@T. We get nothing for that add on. Are you saying the value of our land lease to someone interested in buying is worth more now that we have two carriers?
Apr 01, 2014 Rating
options by: Anonymous
Hi I have two carries on my site, Att, since 1986 (LA Cellular originally) and Sprint since 2000.
Sprint is a typical 30 year with 5-year options @ 3% increases for my land. 20 years remain. Like yours probably. Has a cancellation. Not likely used.
Sprint leases a spot on ATT's tower for their panels I don't share in that.
ATT is a 15yr straight guaranteed no cancellation lease @3% increase. 4 years remain. It's a mega site.
I have been offered nearly a million dollars for these two leases. The amount is for a perpetual lease. I would be out any additions that may be brought to my property once I give such a lease.My site is in a very high traffic area in a very large city.
To us owners, the asset is the lease. If you give any of these guys a perpetual lease, they will be the ones to benefit from any additional carriers they bring on board or any increases in rent. They will sell the lease at some point for a lot of $$ since it has more income now. Just look at ATT, they just sold their "leases" to Crown Castle for $4+billion. Even the carriers monetize their leases.
I have yet to counter offer. Plus my ATT lease is up for renewal in 4 years. It's (wireless) a whole new ball game since 1986. If you sell, contact these guys, they know far more than most. And they are not the "hey we'll help you, now you want to sell that lease" guys. They'll just help you get the max value. Then you can consider selling if you wish.
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