Looking for a cell tower valuation on existing cell tower leases or rooftop cell site leases? First of all it's important to speak with a firm who knows the values of wireless telecommunication lease rates across the United States. Cell tower valuations can help landlords and property owner determine the value of their tower leased asset or rooftop cell site leased assets. There are many reasons why one would need a cell site valuation. For example perhaps you inherited a cell tower from a relative and you have no idea what fair market rental value is, and you want to know the value of the underlying cell tower ground lease. In many of the older tower leases, no one really considered that 15 or 20 years down the road these towers would have 4 or 5 carrier subtenants, and sadly many landlords have not benefited from a properly crafted lease agreement. A comprehensive rooftop valuation of cell site leases and infrastructure is essential to determine exactly what equipment is on the roof, and what is the carrier trying to cover in their network?
Do you know that one quarter, that is 25% of all rooftop wireless telecommunications sites (1/4th of all rooftop cellular sites) are not in compliance with their leases, and that Owners of these properties are not being compensated properly for these sites?! Tower Genius is the industry’s premier cell tower lease consulting firm, and we are offering some value free advice:
The wireless industry is awash with people and corporations who represent companies in trying to reduce rental rates. Isn’t it only fair that you have someone you can trust and turn to in order to protect your financial interest and to hold the wireless carriers to their commitments and obligations. We can provide you with an accurate cell tower valuation and cell site lease compliance audit to either give you peace of mind, or give you the leverage you need in order for you to be able to renegotiate your cell site lease from a position of strength.
Recently a very sophisticated landlord in New York approached us to perform a lease audit regarding two existing carrier cell sites on his rooftop Premises. While one carrier was in complete compliance, the other carrier was not complying with the terms of their rooftop lease agreement. Of course the carrier tried to play semantic games, to dance around their obligations at the site, but in the end the landlord was able to secure a 28% percent increase in the landlord’s rental stream, which was already a significant amount to begin with. We also made sure that the landlord limited the carrier’s ability to attempt to take advantage of this landlord in the future.
At another rooftop cell site in Texas, a carrier was trying to take advantage of a landlord and was not in compliance with the terms of their cell site lease. The carrier was attempting to negotiate a 30% rent reduction on a rooftop lease that was already in the top 2 percentile of wireless leases by value in the United States. After analyzing the site the landlord was not only able to protect the rental amount they were receiving, but they were able to renegotiate an 18% rental increase.
Please give us a call at 1-888-313-9750. Maybe you are simply interested in determining what is fair market value for your cell tower lease. We can help you with that. But you really need to take a closer look. Or perhaps one of the other "experts" in the field already reviewed your lease. It would be our pleasure to provide you with a piggy-back cell site lease review and consultation so we can point out to you all the things they missed. Give Tower Genius a call. It’s better than having an uncle in the industry, more like have a close family friend who’s like a "telecom Kojak" for cell tower leases.
Who loves ya baby? Tower Genius, that's who. Call Kevin or Steve at 1-888-313-9750.
For more information please fill out and send us our Cell Tower Valuation - Cell Site Audit Contact Form.