by Jason
(North Florida)
I am interested in purchasing an industrial property that happens to have a 250 ft cell tower. It is a ground lease with an 8% revenue sharing agreement. Owner currently receives 395/month. Original lease ends 2027, with 10 x 5 year extensions. This seems like a terrible deal for the land owner. If I buy this property how can I terminate this lease and renegotiate? One of the Tower operator's tenants is Sprint. The other two tenants are relatively obscure.
Thanks, Jason
Comments for Cancelling Lease. Possible?
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