Buying land with two established towers

by Gabe
(Lebanon, MO)

I want to buy 94 acres with two established towers that are within 1/4 mile of interstate 44 in Lebanon, MO. Population of the city is 14,000. The lost price on the property is $750K which is about $5,000 more per acre than the going rate for the area. I am trying to find out the lease details from my Realtor. In the meantime, if I were to buy it, would the lease be up for renegotiation or would I be held to terms of the original owners lease.

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Jul 01, 2015
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by: Stephen

Gabe,

Typically cell tower lease purchase companies pay around 13X to 14X the annual rental revenue for a cell tower rental stream.

If you have two towers that pay about $1,000 per month each, then you could expect them to be worth anywhere from $300,000 to $350,000. Find out what the rent are to figure out if the land deal is a bargain or grossly overpriced, or somewhere in the middle.

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