Answer
Oct 05, 2017 - 01:23 AM
Good morning. Thanks for posting this question and the information provided. Unfortunately, this isn't a question we can or will answer on an online forum like this. First, to be straight with you, this is exactly what we evaluate for our clients on a paid basis. Secondly, even with the good amount of information you have provided, it isn't possible to answer this question reliably without more information.
Lease extensions are tricky- primarily because once the tower is constructed, there now is a cost to relocate the tower and the two companies using the tower. So while average lease rate in an area is one factor, it is a small factor. We examine who are the tenants on the tower, whether the tower could be easily (but not cheaply) moved, who owns the tower and whether you are best served to wait until closer to expiration to maximize the extension.
Please feel free to contact us for a no-obligation quote. I am happy to talk through the situation and advise you on whether there is any value to doing so.
Lease extensions are tricky- primarily because once the tower is constructed, there now is a cost to relocate the tower and the two companies using the tower. So while average lease rate in an area is one factor, it is a small factor. We examine who are the tenants on the tower, whether the tower could be easily (but not cheaply) moved, who owns the tower and whether you are best served to wait until closer to expiration to maximize the extension.
Please feel free to contact us for a no-obligation quote. I am happy to talk through the situation and advise you on whether there is any value to doing so.
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Correction: Population is 1000, not 1000k
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