Purchasing a property that has existing cell towers with leases.

by Betty
(Palmdale CA)

When purchasing a property with existing cell towers on it. How much should I pay the seller for the cell tower value. My seller want's 5 yrs of lease income. One tower only has 10 yrs left on the lease, the other 25 yrs. So for him to take 5 yrs off the top off both leases, I feel is excessive. Especially since I know the bank will not loan on lease income. And I believe most leases give the cell company the right to cancel within 30 days. So I am worried he is asking too much.
thanks for you help.

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Jun 25, 2015
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by: Anonymous

Hello,

I'd be willing to entertain taking the risk on the cell leases. Maybe we can work together in this deal.

Your telecom guy,

Bryan

Editor's Note: Bryan... Seriously? Get your own website, please, so I can promote my services to your potential customers for free..
Mar 25, 2015
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by: Harrymcg

Would it help to have an attorney check with the tower owners to make sure there are not any information you were not told!

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