Large tower buy out offer

There is a large tower on the back of my property that my aunt leased for years. The company is offering me $375,000 to buy the tower. Is this something that I should do? The tower is several hundred feet tall.

Comments for Large tower buy out offer

Average Rating starstarstarstarstar

Click here to add your own comments

Oct 30, 2021
Rating
starstarstarstarstar
To sell, or not to sell, that is the question!
by: bumper

The cell company built a tower and base building on my property in 1996. Lease was $600 monthly with a 3% minimum increase (now renegotiated 5%). The offered my $30,000 for a buyout back then.

The rent is now $2,000 a month. Last year they threatened that if I didn't lower the rent, I would have a naked tower. I said, no problem, rent is not being renegotiated lower. The latest offer to buy out was over $500,000. My son (I didn't take the call) said another company offered $700,000.

If there's a lesson here, and I'm not sure one can count on past performance, but you will probably come out ahead if you can afford to keep your asset.

BTW, in year two, they offered us $47K and said we would never be offered more. I'm quite sure there's a lesson there!

Oct 29, 2021
Rating
starstarstarstarstar
Price is not based on height.
by: Steve from Tower Genius

Do you know who the tenants are?

Does your still lease the land to the tower company or does she own the tower?

When does the lease expire?

Do you have a copy of the lease?

How much rent does the tower generate annually?

Call me.

Steve
888-313-9750

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 Cell Tower Lease Buyout Forum.

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.

Click Here To Schedule A Call.

  • 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
  • DISH Wireless
  • 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


Like this page? Show us some Social Love. Here's how.

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.