I want to buy 94 acres with two established towers that are within 1/4 mile of interstate 44 in Lebanon, MO. Population of the city is 14,000. The lost price on the property is $750K which is about $5,000 more per acre than the going rate for the area. I am trying to find out the lease details from my Realtor. In the meantime, if I were to buy it, would the lease be up for renegotiation or would I be held to terms of the original owners lease.
Comments for Buying land with two established towers
Typically cell tower lease purchase companies pay around 13X to 14X the annual rental revenue for a cell tower rental stream.
If you have two towers that pay about $1,000 per month each, then you could expect them to be worth anywhere from $300,000 to $350,000. Find out what the rent are to figure out if the land deal is a bargain or grossly overpriced, or somewhere in the middle.
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