Buying a building with 2 cell towers
(West New York, NJ.)
I am interested in buying a residential building that has 2 cell towers. in order for me to calculate the value of the building i have to take all income minus the expenses and then get value by the desired cap rate. My question is do i calculate the income from the tower as a regular income like another unit in the building? What if 5 years from now the cell company removes the tower from my to be building? Please advise.
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