A new American Tower tactic? Or just new to me?

by John
(Vallejo, CA)

Short history. Tower site is in Vallejo, started in 1996 @ $600 a month with a 3% annual increase and a 50% profit sharing for any sub-lease tenants. They later raised annual to 5% in exchange for dropping profit sharing (which was zero at the time).
A few years back they paid $25K for a lease extension in 5 year options out to 2056.

Lease is currently at $2,000 per month.

This morning they called and said Sprint was coming off the tower, the tower would then be at a loss, and that they could cancel the lease. However, if I wanted to pass it on to my heirs, they would like to lower the annual escalation to 3% and give me $10K for agreeing to that.

I said, "Ummm, no". End of call.

If they cancel, site improvements, building, tower and fencing all stay. Of course I'd like them to remain, but I'm okay either way! I suspect this is just more of the continuing tactics for them to save a buck.

Comments for A new American Tower tactic? Or just new to me?

Average Rating starstarstarstarstar

Click here to add your own comments

Aug 23, 2019
There is opportunity in chaos.
by: Tower Genius

But for whom?

Anybody else see something like this recently? Thoughts?

Let's see if anyone else chimes in in the next couple of days.

We have the fix but curious to see if anyone else in Towerlandia has any ideas.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to American Tower Lease Questions and Answers.

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
  • Selling Cell Tower Lease
  • Tower lease extensions
  • Cell site upgrades
  • Small cell proposals
  • Lease amendments
  • 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
  • Transactional Coaching
  • Verizon Wireless 
  • AT&T
  • T-Mobile
  • Sprint
  • US Cellular
  • SBA Communications
  • Crown Castle
  • American Tower
  • Atlas Tower
  • Phoenix Tower PTI
  • Vertical Bridge
  • Lendlease Towers, Md7
  • Tillman Infrastructure
  • Lyle Company, Black Dot
  • Everest Infrastructure

We'd Like To Hear From You.

(We value your privacy. Your information will never be shared with any third party.)

Contact Tower Genius

Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.