Unison Site Management
by Skip
(California)
Unison Site Management has contacted us with a buyout offer for the rights to our cell tower lease rental income stream on our building. We were offered a lump sum cash payment of around $270,000 but this is much less than what we would get over the lifetime of our T-Mobile lease. My only fear is that we won't have cellular technology around forever or that T-Mobile purchased by a competitor, but then my thoughts are why are these investors looking to purchase it?
Their consultant seemed very informed on industry trends and that everything is pointing towards consolidation in the wireless industry and I don't want to get stuck with a cell site that gets taken down because there is a coverage overlap or they don't need our building anymore. With that being said, our property is centrally located and the building has a great view from the roof and I agreed with Unison's consultant that this would be a very good location for other carriers to rent space at a future date.
In your experience is $270,000 a fair price for a cell site lease paying $2,400 per month with T-Mobile?