Cell Tower Lease Buy Out
I have a cell tower that brings in $1040. a month.
There is 22 years remaining on lease. 2% increase per year. I have been contacted by several firms over the last three years about a lease buy out. I have just now become interested in looking into that. I have been offered $175,000 buy out for the current lease and $186,000 for a perpetual buy out. Another company offered 185,000 for a 25 year lease buy out. I just was sent the Minidoka, Id cell tower was bought for $200,000 over 30 years. They were only getting $529 a month. That does not make sense to me but what do i know. My question is: I have another company that wants or talks about a 40 year buy out for around $300,000.
When i passed that on to American Tower they acted like that was impossible. Should I be worried that I am being feed hog wash? It is so hard to find out who you can beleive. Any help would be appreciated! JC
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