Answer
Aug 27, 2019 - 12:57 AM
I wish I had better news- but unfortunately, there isn't much that you can do. One of the downsides with selling a cell tower lease to a third party is that it becomes almost impossible to relocate or terminate.
While moving a tower can be done, it is expensive- figure $250,000 on up. However, if you have sold the lease to a third party, the cost skyrocket from there because the 3rd party will look to get not only their original purchase price- but their expected profits as well over the course of the purchase term.
This is why one of the first questions we ask someone considering selling their leases is whether there is any possible scenario where they wouldn't want the tower there.
While moving a tower can be done, it is expensive- figure $250,000 on up. However, if you have sold the lease to a third party, the cost skyrocket from there because the 3rd party will look to get not only their original purchase price- but their expected profits as well over the course of the purchase term.
This is why one of the first questions we ask someone considering selling their leases is whether there is any possible scenario where they wouldn't want the tower there.
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