cellular site lease prepayment
Not too long ago, a cellular company signed a lease with me to lease our building for its celluar site. Now, the celluar site is in operation and the celluar company starts paying the rent. A third company now is willing to make an offer to purchase the lease through rooftop easement and assignment agreement. The current rent is $30,000 per year, it is a 5-year lease with five 5-year options and rent escalation built in each 5 year period. Do you have any idea about the value of the lease ? Thanks
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