How much does each cellular antenna lease pay in New Jersey?
by Russ
(New Jersey)
I was approached to put antennas on top of our building in Hudson County, NJ for a cell site. A friend of mine has an industrial property in Passaic County, NJ with a cellular T MOBILE flag tower paying $2000 monthly but his 2nd antenna lease only pays him $1400 on the same tower. I would think that values in Hudson County New Jersey are higher than Passaic County because I can see the Manhattan skyline from here.
They took pictures on my roof and said they can only pay $1,300 and they are looking at other locations as alternates. I don't want to lose the revenue because they are offering to pay me for 25 years and bump my rent up by 10% every 5 years.
Should I take the deal or ask for more money? What are the cellular leasing rates for rooftop leasing versus a cellular flag pole cell tower lease? Does the rental amount depend on the company, the location or the kind of cell site it is?
I saw your firm helps with cell site leasing. How quickly can I have a lease looked to get your opinion and what do you charge for negotiating cell site leases?
Tower Genius is USA's Premier Cell Tower Lease Coaching and Consulting Firm. Find out how we help landlords and property owners in the USA maximize cell site lease values and get the best possible terms. Book a 30-minute discovery consulting call with Kevin or Steve Today.
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