Tower lease rates in Virginia.
by Mercedes
My father was offered a cell phone tower lease that has an option to build a 130-200 foot cell tower monopole or tree cell tower monopole on a commercial parcel we own near Richmond, VA. We were approached by Sprint a few years ago but were not interested then. Now a different cellular company has offered to pay us a monthly payment of $1200, and 5% increases every 5 years. But that is less than what Sprint was offering back in 2005. Our lot is within a half mile of a retail shopping district and I think its prime real estate – the area is expanding and we are at a higher elevation than the strip mall. We are 15 miles from downtown Richmond and I’d like to see what the tower leasing rates are in my area.
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