I have had two different companies like this approach me in the last
year about a Tmobile lease I have on a tower. The catch is that they are
taking a 99 year lease, regardless of the terms of your lease with the
provider. It's not a bad deal if you want a lump sum amount (after you
negotiate with them). Here is the summary of the proposed deal (which we
did not do):
Current tower lease is $1,300/month for another 18 years. They offered
us $180,000 to buy it out, but they want a 99 year lease option. They
started at $150,000 and I told them we would do it for $200,000. They
came back at $180k and said that was the best they could do... so we
walked away.
The one concern we have with our lease with Tmobile is they have a 90
day "out" on the lease. I didn't prepare this lease, we took it over
when we purchased the building and land that the tower sits on.
Travis
On 10/25/2016 5:08 PM, Scott Vander Dussen wrote:
Anyone have experience working with TowerPoint Capital? They’re a
tower lease acquirer, they’re offering to purchase a Verizon tower
lease contract- reading through the agreement they seem a bit slimy.
TIA,
Scott
