Sprint tower lease questions about selling


(Huntington Station, NY)

I have a Sprint cell tower that is in the 17th year. I still have 8 years left on the lease agreement but when we did originally sign the contract we did not ask for enough money on the rent and I'm only getting 10% rental increases every 5 years which I think is not really the going rate. I have been approached recently by a company that offered to purchase the tower and would give us half of all future income on the tower. We are currently getting $1,600 per month and we are on Long island. Are Sprint cell towers going to be replaced by smaller technology that will cause carriers like Sprint to use less equipment, rent less space, use smaller antennas and pay less rent? I am worried that this technology may become obsolete before my 25 year lease is over and I should sell to protect ourselves. Any suggestions?

Comments for Sprint tower lease questions about selling

Average Rating starstarstarstar

Click here to add your own comments

Jan 24, 2012
Rating
starstarstarstar
Long Island Sprint lease
by: Tower Genius

You are getting below fair market value for your lease. You should be getting a minimum of about $2,000 monthly but the question is are you receiving any additional revenue from other carriers? The 10% is also low.

With less than 10 years remaining new potential subleasing carriers won't sign a lease with Sprint because they need to have more time left on the back end of the lease before they make an investment on the site.

I would renegotiate. Call us please at 888-313-9750. We are very familiar with the NYC area market. Also don't worry about the technology becoming obsolete. The carriers can barely keep up to change light-bulbs in their equipment rooms so don't believe all the hype!

Tower Genius

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 Sprint Lease Agreement Questions.

Cell-Tower-Leases.com
Contact Tower Genius

Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.

  

  • Cell tower lease agreements
  • Selling Cell Tower Lease
  • Tower lease extensions
  • Cell site upgrades
  • Small cell proposals
  • Lease amendments
  • Tower lease buyout 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
  • DISH Wireless
  • US Cellular
  • SiriusXM
  • Crown Castle
  • American Tower
  • Atlas Tower
  • Phoenix Tower PTI
  • Vertical Bridge
  • SBA Communications
  • Tillman Infrastructure
  • Lyle Company, Black Dot, Md7
  • 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.