Two brief messages from Kevin F. Donohue, Managing Partner at Tower Genius LLC.
#1. Cell Tower and Cell Site Landlords, How Can We Help You?
#2. Landlords Are Your Urban Rooftop Cell Site Rent Values At Risk?
Tower Genius LLC provides cell tower land lease review and negotiation services for property owners and building landlords across the United States. We are independent wireless telecommunications leasing professionals who have several decades - nearly 50 years - of combined cell tower industry experience. Nobody in the industry has our depth of experience. We can help you with:
• Verizon Wireless land leases • AT&T Wireless ground leases • T-Mobile land leases • Sprint ground leases • Metro PCS ground leases • US Cellular ground leases • Telus ground leases • Rogers Wireless ground leases • Bell Mobility ground leases • American Tower ground leases • SBA ground leases • Crown Castle ground leases
A property owner called us one day. Hey had inherited a cell tower on a farm property. The carrier had a ground lease for equipment space and had placed antennas on a grain silo. They were only paying the farmer about $400 monthly, and he was happy with the rent he was receiving at the time. In the meantime the surrounding farmland was developed, and the farm was surrounded by valuable residential homes, and the only property that was grandfathered for cell sites was the farm. When it came time to renew the lease, after two years of negotiation, the farmer's son was able to double the rent to $800/month. Unfortunately this gentleman did not contact Tower Genius prior to signing the deal. When we asked him how he wound up with this amount of rent, he said that the carrier, a household name, kept telling him "no" for the price he was asking for, and provided his with "comparable data". In laymen's terms, they gave him a list of other cell tower landlords that they had ripped off with low-ball offers.
The take-away from this should be, always remember, the carriers don't represent your best interests.
Tower Genius LLC.
What are cell tower ground lease land values? That is the million dollar question. We discuss this in depth and answer dozens of related questions on our blogs. In a nutshell, we need to consider the location or proposed of the cell tower, the availability of alternate sites, access to power, telco and fiberoptic as well as access, topography and zoning regulations. Is the tower being developed by a developer by a bunch of industry bottom feeders like 'Shillman Infrastructure' or 'Hemp Mountain', or is it a reputable tower developer willing to offer you a fair deal? Do you have an existing tower that was acquired by one of the big 3: Crown Castle, American Tower or SBA Communications, and are they asking you for addition al expansion space to accommodate an new carrier tenant?
Rule #1: If anyone is trying to obtain additional ground space for cell tower development or expansion, the values are NOT calculated on a square foot basis. If you have questions about cell tower land lease values, you should not base a negotiation on a hunch.
Rule #2: Is the tower manager or site acquisition representative trying to put doubt in your mind that you should steer clear of a cell tower consultant and try to deal with an attorney instead, since they are more sophisticated that a greedy cell tower consultant? That should be a red flag, but it's typical feedback we get from our clients being fed to them by the tower companies.
Rule #3: Call Tower Genius at 1-888-313-9750. There are a lot of complexities to these deals and each proposal needs to be looked at on a site by site basis. Cell tower lease rate comps? They mean nothing, throw them out the window. Don't leave anything to chance with you cell tower land lease.
Don't Get Burned On Your Cell Tower Land Lease.
When a wireless carrier or tower company builds a cell tower they will need to negotiate a ground lease or land lease with you. Make sure you don't get burned in the process. There are critical factors involved with successfully negotiating a cell tower lease agreement. It's a poker game and a chess game at the same time, and you don't want to show them your cards too early, and you also may need to call their bluff. Since there are so many moving parts in these types of cell tower ground lease proposals, and changing technologies in the news, it's easy to be overwhelmed and have tons of questions. We can help.
The most important factor in being able to maximize the value of the tower lease is determining exactly how much leverage you have in the negotiation. If you are the best or only viable site that the carriers can select due to topography, elevation, line of site, zoning limitations, historical or environmental reasons, then you have the opportunity to craft the deal in a way to benefit you, the landowner.
Additionally, if you were able to control the ground space during the initial negotiation, if a second or third carrier subleases tower space, the carrier will need to negotiate a separate ground lease with you. And this is precisely why it is crucial to talk to a wireless leasing professional to help you to make that determination.
Regardless of whether you are being contacted for the first time to have a cell tower built on your property, or you have a cell tower lease that is expiring and needs to be renegotiated, have a third party firm attempting to reduce your monthly rental or are seeking to sell your tower lease talk to an Tower Genius cell tower land lease expert today, by calling 1-888-313-9750.
Tower Genius... The Cell Site Ground Lease Experts.
Find out from Tower Genius how we help landlords and property owners in the USA maximize cell site lease values and get the best possible terms for:
Cell tower lease agreements
Tower lease extensions
Cell site upgrades
Small cell proposals
Tower lease buyouts offers
Rooftop lease buyout offers
Rooftop cell site audits
Lease Agreement defaults
Cell tower valuations
Rent reduction solicitations
Lease Optimization Help
Lease Revenue Purchase
Lendlease Towers, Md7
Lyle Company, Black Dot
We Would Like To Hear From You.
ONE CALL DOES IT ALL 1-888-313-9750
Leveling The Playing Field For Cell Tower Landlords Since 2008.