Dec 08, 2015 - 06:48 AM
Not likely. In most cases the buyers for leases are specialty buyers who just buy leases. The land is actually a detriment to them because they then either have to sell the land separate from the lease or they need to maintain the land and pay for taxes. Most 3 rd Party buyers like Unison Site Management or Lease Advisors will only buy the lease.
In rare cases, tower companies will be willing to buy the land in addition to the lease, but ONLY if the tower company has a tower on the property and the land has nominal value above and beyond the lease. For example, if the tower takes up the entire parcel and there is no other use for the land, a tower company may be willing to buy the parcel. If the real property taxes for the land are high- they might even lower the price as compared to what they would pay for the lease alone.
We typically recommend that landowners who want to sell their parcel and a lease sell the two separately or keep the lease for themselves when they sell the land. (Easy to do- just have a local attorney draft the deed so that it excludes the lease and the income from the lease from the sale.)