Cell Tower Lease Audit & Valuation
Airwave Developers was approached by a property owner prepared to sell a single urban cell tower site in a top-ten market for $2.1M. The property owner sought to confirm the sale price was fair. AWD audited the site and, over the course of several site visits, determined the proposed sale price was far too low. Over the next 24 months, AWD assisted the owner in:
- cutting the cord with the cell tower management company
- re-signing carriers to new tower leases
- increasing monthly rent from $4300/month to ~$35,000/month
- increasing the sale price by $5.2M to $7.3M.