How much does each cellular antenna lease pay in New Jersey?
I was approached to put antennas on top of our building in Hudson County, NJ for a cell site. A friend of mine has an industrial property in Passaic County, NJ with a cellular T MOBILE flag tower paying $2000 monthly but his 2nd antenna lease only pays him $1400 on the same tower. I would think that values in Hudson County New Jersey are higher than Passaic County because I can see the Manhattan skyline from here.
They took pictures on my roof and said they can only pay $1,300 and they are looking at other locations as alternates. I don't want to lose the revenue because they are offering to pay me for 25 years and bump my rent up by 10% every 5 years.
Should I take the deal or ask for more money? What are the cellular leasing rates for rooftop leasing versus a cellular flag pole cell tower lease? Does the rental amount depend on the company, the location or the kind of cell site it is?
I saw your firm helps with cell site leasing. How quickly can I have a lease looked to get your opinion and what do you charge for negotiating cell site leases?