Selling or renewing lease

by John
(Orange County, CA)

We have been approached about selling our lease because our lease is up in 2017. We currently have 2 carriers, the main one being AT&T which is up in 2017. The sprint lease doesn't renew until 2025. The proposed rent is 36k a year with 3% CPI increases and then the sprint one would be renegotiated at later on. The buyout offer is a good number, so we think, but was curious what a good number would be for both leases.

The property is on a major freeway in orange county, ca in an industrial area.

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Oct 25, 2015
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Selling AT&T and Sprint cell tower leases...
by: Stephen

Do not sell your lease that is up in 2017. You need to get that lease extended, if you play hardball and try to take them down to the wire, carriers will often panic and issue a new search area and secure an alternate site as a backup. Fix the lease before you sell it, that is if you are going to go ahead with a buyout.

Doing a lease buyout transaction on an expiring cell tower lease is like walking into a pawn shop with a 1 ounce bar of gold and selling it for $500. Sure you get a cash lump sum payment but at what cost?

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