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Global Tower Partners Lease Buyout

by Shannon
(Orlando, Florida)

I was approached to sell my lease agreement for a site owned by Global Tower Partners (GTP). The offer is eight times rental receipts at the site. In this economy I could use the cash to payoff an existing mortgage on the property but I do not know if this offer is market value. Can you help me>

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Global Tower Partners Lease Buyout

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Mar 05, 2011
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by: Kevin at Airwave

Shannon,

Yes we can help you. That figure is a bit below average but we would need to analyze the site and the cellular lease agreement to give you the right guidance.

As per paying off the mortgage, we are not tax experts but neither are the people trying to buyout your cell site lease. We know some of these cash flow firms state that the money you receive can be "tax free" since it can be considered a real estate transfer.... We do not believe that any of the standards they are quoting have been tested by the IRS. We always recommend that your CPA reviews such a deal to give you proper direction on the taxes.

With that said, if you can pay off a high interest mortgage and protect your principle interest in a property that is always a good strategy. Give us a call to discuss this further.

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