Buying a cell tower lease

by Mitch
(Republic of Texas)

We are interested in buying a cell tower lease. Any suggestions?

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Oct 20, 2010
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Hunting for cell tower leases
by: Tower Genius

Great question. You'd think the fact that a landlord is getting monthly income on a cell tower or rooftop cellular antenna lease would be a great thing, yet the huge amount of foreclosures has presented an incredible opportunity for smart real estate buyers to acquire cell sites leases at a big discount.

If I was in your shoes I'd talk to bankers whom I know, or find out who I can send a Red Lobster or Outback Steakhouse gift certificate to at the bank who can search their internal bank-owned inventory of commercial and residential (apartments) properties in receivership using the words: Verizon Wireless, AT&T, U.S. Cellular, Cricket, Omnipoint, T-Mobile, Nextel, Sprint, Cellular, etc. You get the picture.

The deals are out there. We get several calls a week from real estate investment professionals that are trying to purchase foreclosed properties that are also existing cell site locations.

If you are able to purchase a cell tower lease and need to to review it, or if you are going to flip the cell tower lease for cash, let us know and we can help maximize the buyout price.

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