We Can Answer Your Cell Site Lease Buyout Questions!
Do you have questions about a recent cell site lease buyout offer that you need to ask us before you cash out and sell your future rooftop Verizon Wireless, AT&T, T-Mobile, US Cellular, or DISH Wireless cell site rental income stream? What’s the value of your cell site or cell tower site?
There are important things to consider when selling a perpetual rooftop cell site lease easement that can impact you well after you have sold the lease rights and spent the proceeds of your cell site lease sale. A rooftop cell site lease buyout transaction can have potentially a much greater impact on the seller than a traditional cell tower lease buyout on a cell phone tower might have. Yes, there are pros and cons, advantages and disadvantages of selling, but that’s not what we’re going to cover here. You can talk to your commercial real estate broker and CPA about property values and tax implications.
Deciding if you should sell your cell site lease or hold onto it? Here are some significant concerns to consider:
- Once you complete a cell site lease buyout deal you no longer have control of what goes on within the leased area (cell site’s Leased Premises). Rooftop cell sites also take up additional rooftop space for cable trays and can tie up much of your rooftop area. You’ll probably have no idea what is going on on your rooftop and you won’t have anything to say about it.
- Do you have expiring rooftop cell site lease agreements that could be renegotiated before you sell them? When were the last cell site equipment upgrades performed at the property?
- Are you thinking of selling your rooftop lease after agreeing to a cell site rent reduction which likely gave the carrier the Right of First Refusal on your lease?
- T-Mobile, AT&T, Verizon Wireless, US Cellular, and DISH Wireless subcontractors and cell site technicians tend to access your building at all hours of the day and can become a nuisance. This is especially an issue for residential buildings.
- If your rooftop cell site lease agreement was poorly written, that defective lease will be just as bad if not worse once you complete your cell site lease buyout transaction. If you have rooftop damage that causes flooding for example. It just takes one careless cell site contractor to leave a bolt, screw, or small metal fragment on the roof that somebody accidentally steps on, or for someone to drop a tool or equipment and puncture your roof’s seal. They conveniently forget to tell you about it and the rain finds its way in. If your lease has been packaged off and sold, it could take you weeks to find somebody to return your call and then try to get them to pay for repairs. We have heard many cell site landlord nightmares that could have been avoided with proper guidance before having the lease buyout funded.
- At Tower Genius we have been saying for years and we have predicted that a very large portion of Verizon, AT&T, and T-Mobile rooftop cell sites located in densely populated urban areas will be eliminated in the next decade. We’re talking about big cities and places like NYC and boroughs of Brooklyn, Bronx, Queens, parts of Manhattan, Los Angeles, Chicago, Washington DC, Philadelphia, Dallas / Fort Worth, Miami, and many densely populated suburban areas throughout the United States. We stand by our opinion that up to 80% of rooftop cell sites in these urban areas will be eliminated and have their leases terminated due to extensive 5G and 6G node deployment by the mid-2030s.
- So after reading that you will either think we are crazy, or you will ask yourself if these urban cell sites might become obsolete in the next decade, why do companies want to buy my cell site lease? Great questions. You need to talk to us about that one.
- If the $3,000, $4,000, $5,000, or $6000+ monthly cell site rent we are getting could be going away in 5 to 15 years, if we sell the lease before they terminate the lease, will we get stuck with the equipment on the rooftop? Great question. What does your lease say now?
- If we agree to sign a cell site lease optimization rent reduction sign a rent guarantee amendment with Md7 or BlackDot to protect the “future viability” of the cell site, will it lower the risk of obsolescence due to technology advances, or make selling the AT&T, Verizon or T-Mobile cell site lease easier or more difficult? This is an important question. We have the answer for you, but you need to get in contact with us.
Most cell site landlords we talk to are content with the monthly or annual rent payments they receive from their wireless carrier tenants and don’t ever want to sell their rooftop income rights. And if that describes you, our opinion is to just sit back and ignore all the noise and hype about 5G and just relax, and enjoy collecting as much rent as you can for as long as you can! Just ignore the “rent reduction” shakedown calls and if rooftop technology has such incredible advances that they don’t need your rooftop any longer, then so be it.
This is a game of wireless musical chairs. If you are a cell site landlord with an urban rooftop cellular carrier antenna site, you want to be sitting in a chair when the music stops playing at your location. If your cell site property is in one of the cities mentioned above, we believe that there is an 80% chance of your cell site lease being terminated in the next 7 to 13 years. If you are concerned about the future viability of your rooftop cell site and want to protect the future rental income stream and transfer the risk to somebody else, we think you have a 5 to 7-year window to do so, maybe less. Maybe you are going to sell the lease and look for a like-kind exchange (1031), which is something common among cell site landlords. Also, some cell site locations are better than others and are more valuable to a network than other cell site properties. If you have questions or are looking for additional cell site buyout information, we can help you with your current cell site lease buyout offer, just give us a ring at the phone number below or shoot us an email through the lease buyout contact form. We’ll get back to you within 24 hours or sooner during weekdays in most instances. If your need to talk to us is more pressing, make sure to call us, and let our receptionist know it’s urgent.
Let’s talk soon!
Contact the Cell Site Lease Buyout Experts at Tower Genius:
Tower Genius, LLC.
550 Mary Esther Cutoff Suite 18-223
Fort Walton Beach, FL 32548
Avoid Common Cell Tower Landlord Mistakes – A FREE Guide:
Curious about Common Mistakes that People Make When Negotiating Their Cell Tower Agreements with the cell phone carriers and cell tower management companies? Download our FREE Cell Tower Lease Guide here and feel free to contact us anytime if you have questions, need help or just want an honest assessment of your cell tower lease rate, or would like to learn more about how we can help cell tower landlords level the playing field with the wireless carriers and big tower management companies.