Great Rental Rates for Your Cell Site via an Institutional Investor
For self-storage operators, this factor offers an income-generating opportunity that supplements the primary uses for their space. Given the many intricacies involved in a cell site lease arrangement, however, it is undoubtedly sensible to work with an institutional investor who can arrange a long-term lease with favorable terms. An Inside Self Storage article warns about the various pitfalls interested parties need to avoid:
The mistake many self-storage operators make is, being in the real estate business, they continue to track the elusive “market rent” figures when determining how much to charge a cell-tower company. To be crystal clear, there’s no such thing as market rent when it comes to a cell-tower lease. If you try to use comparable rents in your area, you’re using data that will only cause you to perpetuate under-valued rents that have been paid to property owners for the last few decades.
http://towerpoint.com/great-rental-rates-for-your-cell-site-via-an-institutional-investor/
The mistake many self-storage operators make is, being in the real estate business, they continue to track the elusive “market rent” figures when determining how much to charge a cell-tower company. To be crystal clear, there’s no such thing as market rent when it comes to a cell-tower lease. If you try to use comparable rents in your area, you’re using data that will only cause you to perpetuate under-valued rents that have been paid to property owners for the last few decades.
http://towerpoint.com/great-rental-rates-for-your-cell-site-via-an-institutional-investor/
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