Selling our cell tower lease
(Rancho Cucamonga, CA)
We have a cell tower lease agreement with AT&T The term of the lease is 60 months, number of renewal terms 5, with an additional term length of 60 months. The Current Rent is approximately $860/month, due monthly, with Current escalation 12.5%. New escalation frequency: Term. The effective date of the Amended contract was 12/7/07, so it is due for renewal in 6 months. What is the market for the sale of this lease, and how much should we expect to receive for the sale.
Rancho Cucamonga, CA
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