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Good And Bad Associated With Signing A Cell-Tower Lease For Self Storage Property

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Good And Bad Associated With Signing A Cell-Tower Lease For Self Storage Property

With given number of mobile users and anticipated increase in use of mobile phones in future the cell tower and carrier companies will have to build many more new towers. Many a times these companies consider self-storage properties for building new cell-tower sites. Property owners should be aware of the tremendous income potential of leasing out their property assets to cellular companies. Taking educated decision would help them optimize the cell tower lease agreements in their own favor.

Advantages

  1. Supplementary income- As soon as you sign the cell-site agreement you start incurring a monthly rent that ranges between $1000 and $3000. This value may even increase in the following years depending on the value derived with use of your property.
  1. Improved cell service.A new cell site won’t only serve the needs of wireless customers in the area, it can serve as an upgrade for services offered to your tenants. If you’re forward-thinking, you can even negotiate conditions that’ll allow for use of certain cell-tower infrastructure that can be used for future development projects.
  2. Lump sum cash- It is an alternative way of getting paid by cell tower companies in lieu of using your self-storage facility for their operations. Getting paid a one-time lump sum payment is preferred choice of many property owners as they can make large business investments or they can pay off their existing loans or start a new business.

Challenges

  1. Opposition from community- Your tenants and/or neighbors may object to a cell-tower lease since many people consider these agreements as futile with respect to future in light of health. Though it is not concurred by American Cancer Society but it is a popular misconception that cell towers and cancer has some link to each other.
  2. Impact on use of property- While you might be leasing out a part of your property to cell tower business but impact of its operations will be everywhere on your property. Stay informed that it will not only be one part of property but the entire property for which you are accepting restricted movements.

In absence of professional cell tower consultation you might suffer loss of money associated with cell tower lease that could easily be yours but now it would be adding on to the cell tower company’s profits.

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