What should a land lease lease for?

by Gerald
(Franklinville, NJ)

What should a land lease rate be for a 265ft two way radio tower, located in Southern NJ, semi rural area, no major highways or intersections, no major population in the immediate vicinity, and one cell carrier tenant on the tower.

The tower was built in 1987, and only attracted the one cellular tenant in late 2003. No other prospective cell clients on the horizon.

Located on a 73 acre farm, with no frontage, or utilities
in place at time of construction.

Thanks, Gerald

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Sep 16, 2013
Each site is specific....
by: Sean (Tower Genius)

Each site needs to be evaluated using a few factors to estimate the current lease value or the current cash flow purchase rate.

Just because a site is in a rural location does not mean that the site in not important for the carrier. To give you an accurate monthly leasing price we would need to evaluate your site and see how it fits into the carriers network, how difficult zoning a new site would be and how many competing sites are in the area.

Even when evaluating a cash purchase for a lease these factors need to be taken into consideration. The buyout of a lease cash value can range from 8 to 16 times annual revenue... which is a big swing statistically. Telecom leasing is not like general commercial leasing where an area has leasing values based on an average per square foot price.

Give us a call and we can ask you a few questions and provide you with an accurate number. The initial consultation is free.

Tower Genius

Sep 01, 2013
What rate should a land lease lease for?
by: Gerald

The question is purely what the land the tower is located on should rent for. No evaluation of the tower itself.

Aug 30, 2013
What rate should a land lease lease for?
by: Gerald

Yes I own the tower. The land where the tower is located is now in an estate, with the executors questioning what fair market value might be.


Aug 29, 2013
Do you own the tower?
by: Tower Genius

Do you own the tower or are you looking for the value of a tower that is owned by the likes of SBA, Crown and American Tower?

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