Offer to Buyout lease on premium cell site
by Gary S
Property with cell Site Shown
I would say we have what is considered a premium lease site - highest point of access for east bay 580 corridor between Dublin/Pleasanton and Castro Valley Hayward. We currently have leases with several Cell Service providers.
There is more detail however just trying to see if this is in the right range - current lease on property for AT&T alone is $5K per month - the other carriers total out at about $16,000 total - i don't beleive this impacts those leases.
Here is the offer we have in hand:
In return for the one-time, lump sum payment of $500,000, you will grant a perpetual easement on your
property and assign the lease rights and rental income under your lease with AT&T to Md7 or an affiliate of
Md7. It is important for you to know that the $500,000 pre-payment does not change the ownership or
control of the rest of your property in any manner. As is already the case, during the remainder of the lease
term, you will ensure that AT&T can continue to use the leased premises as a working cell site. As part of
this pre-payment offer, some enhancements will be made to your lease as part of the pre-payment agreement;
such changes will enable AT&T to pro-actively address any of the site's future technological and network