Amended lease due to expansion
by Mark
(Seattle, Washington)
I have a 25 year lease with GCI in Fairbanks, Alaska with 19 years left on lease. GCI is acquiring ACS, who is partnered with Verizon. Verizon is aggressively entering the cell tower market in Fairbanks. GCI wants to build on to my cell site. How much should I charge additional? I am currently receiving $1.01/sq ft. High average is $1.33 / sq ft. They propose 60% size increase. Cell tower is 120 ft with a 500sq ft bldg. Lease is with carrier.
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