Ugly yes, except for the bottom line financially.

by Paul

Reminds me of a man I worked for who had hundreds of properties all over the world. He pointed to a 30 foot pad outside his office complex and said that it provided more income per square foot than any of his other properties. On it was a tower 180 ft. tall with stuff I later learned were cell phone stuff (I hope my industry vocabulary is not too complex for you).

He then told me had 10 others just like it along the I-5 corridor in the Northwest. Ugly yes, except for the bottom line financially.

Onward with purpose,

Chaplain Paul Slater

Change-Career-With Purpose.com

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Aug 07, 2010
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Cell tower landlords agree
by: Tower Genius

Chaplain Paul,

We could not agree with you more, and your friend / associate with the portfolio of cell site leases certainly realized the value of leasing a small unused portion of their land to generate a higher price per square foot than the best commercial real estate in Midtown Manhattan.

Smart real estate portfolio owners who are lucky enough to have a cell tower lease signed (tower ground lease or rooftop cell site lease) and realize the value should try to duplicate their lease - assuming they negotiated a fair deal. Carriers who know that they have a master cell site leasing agreement that they can quickly and easily replicate on multiple properties will be more likely to review all properties in a larger real estate portfolio increasing the chances of getting more than one cell tower lease.

Thanks for your post!

SK

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