Never do a lease buyout. Either sell the tower and leases or keep everything. Selling the leases means your still responsible for all tower expenses.
I sold six towers recently and got paid a lot more than anything mentioned here. I also reserved tower rights for free as long as I own my corporation. On Tue, Oct 25, 2016, 6:21 PM Travis Johnson <[email protected]> wrote: > 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 > > >
