New Tower Ground Lease Offer


(New Albany, OH)

I have been approached by a firm representing Verizon wanting to lease a 100' by 100' piece of my 5 acre lot (wooded & vacant) to erect a 300-400' tower. The site is on the edge of a rapidly growing suburb of Columbus Ohio. The area is also experiencing a significant increase in daily traffic.

Their initial offer is $400 per month (way too low) with no increases and no collocation fees included. I know they have approached at least 1 neighboring property owner.

Can someone point me to a good lease example (for the property owner)?

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Apr 09, 2014
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Values vary...
by: Sean (Tower Genius)

We would need to know more site specific info to help establish the proper value. With that said the numbers you have been given a re a joke. Give us a call, the initial consultation is free and we can help you establish a strategy. We have seen so many landlords who have been taken advantage of lately... if they had only called us before they signed their deal they would have been a lot happier.

Mar 27, 2014
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Thanks Anonymous
by: Anonymous

Anonymous

Thanks for the feedback! How did you negotiate your 1st contract? I know this selection firm is getting paid healthy commissions to get the rate as low as possible, but I don't want to come on too strong and get eliminated from the short list...I know they're contacting neighbors.

Thanks!


Mar 26, 2014
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ridiculous offer
by: Anonymous

I have a tower on a 100x100 square. I have had it for 17 years now and the rate is now 2700. a month with a 3% annual increase. This is a Verizon tower managed by American Tower.

Our tower is in the country close to a small town. It sets at the top of the hill.
Get someone to help with negotiations on this. That offer is way too low.

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