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Tractor Talk Discussion Forum

OT cell towers

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brian 1

12-07-2004 13:00:59




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How much does the cell tower fee/rent vary from different areas of the country? What is the normal going rate?




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Dave in Mo

12-08-2004 09:40:19




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 Re: OT cell towers in reply to brian 1, 12-07-2004 13:00:59  
My brother gets an even $1000 per month for a site in St.Louis and has been for about 6 years now.



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Genep

12-08-2004 06:51:50




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 Re: OT cell towers in reply to brian 1, 12-07-2004 13:00:59  
You guys make me envious with the amounts you get from the cell companies. Here in the rural south things aren't so lucrative. When they came to me they SAID they had alternate sites they were considering. I've had one on my property for about 6 years. It's a five year lease at $500/mo, renewable at 5 yr with a 2%/yr increase.



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greenbeanman in Kansas

12-08-2004 05:24:09




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 Re: OT cell towers in reply to brian 1, 12-07-2004 13:00:59  
The county I live in requires that towers of any type have a possible "fall" area of 3 times the height of the tower.

A neighbor proceeded to sell or rent rights to his property only to find this out. The cell company offered me $50 for fall rights onto my property. I laughed at that offer and of course refused.

I tried to make them understand that I wanted to build a home on my property in the future and didn't want to stare out my front window at a cell tower, go elsewhere.

They stated they couldn't, it had to be within a certain signal area of a 1 mile diameter.

I finally told them to buy me out for $50,000 and they agreed. (They would then resell the property and keep the tower rights.)

As my attorney was drawing up the papers I met with the agent. He wouldn't agree to my 6 months possession time and wanted immediate possession instead. I explained that I would need to find another property to move my sheds to as well as all of my farm machinery. No, he wouldn't allow that at all, he had to have it immediately.

I firmly explained that as the seller I could AND WAS making them conform to my terms or not at all.

When the agent again demanded immediate possession I simply told him the property was no longer for sale. What a shock, he had never been refused before and tried to back pedal rather fast. Nope, the property was no longer on the market.

Bottom line, he tried to locate the tower on another property and adjoining landowner got wind of the deal and petitioned against it. The county denied the request and the tower never went in at all.

The agent cut his own throat by not agreeing to my terms. A bitter lesson I hope he learned from.

In some places land owners demand and receive a % of income generated from the tower traffic. BIG BUCKS.

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Irv

12-08-2004 01:50:10




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 Re: OT cell towers in reply to brian 1, 12-07-2004 13:00:59  
In Michigan, they seem to prefer doing business with local governments - townships or the state.



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John A.

12-07-2004 20:42:00




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 Re: OT cell towers in reply to brian 1, 12-07-2004 13:00:59  
brian1, About 2 yrs ago we were under contract to get a tower, But they opted for a location barely on the grid, accross the highway where they gained maybe 5 ft in extra elevation. Our deal was A 20 yr contract so to speak. $1000/month for 5 yrs,Guarenteed Then 5yr extensions at 750/ month for the 2nd five, After that the price was negoehiated. All said the deal over the 20 yr period would have netted us about 120K. Their tower was a guywire type tower, not a free standing unit. The free standing ones are usually shorter in highr and command more money than the guywire type. For they are under the requirements for lights. or they would pay $38000 for the 2 acres they need. Plus any road improvement, gate modifications.
Remenber the guarentee is what you need to base your decisions on. I have never seen a cell tower taken down.
If your sight is out in the country, in a fringe area. And if your place holds the highest spot in the grid where they want it. Then you are in the drivers seat. Don't play too hard to get-a-long with or they will go else where.
In a city limits of a town it will be higher too.
Hope this helps.
Later,
John A.

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Mike (WA)

12-07-2004 17:13:53




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 Re: OT cell towers in reply to brian 1, 12-07-2004 13:00:59  
Generally $700 to $750 per month- but lately, I see the cell companies trying to squeeze the land owners a bit- just worked on one where cell company paid $600 per month, and we couldn't get them a penny higher, to hang their gear on an existing tower on land owners property.



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marlowe

12-07-2004 15:54:28




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 Re: OT cell towers in reply to brian 1, 12-07-2004 13:00:59  
get 750.00 per month for first 3 years and then 975.00 for the next 5 central wi.



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