Inside Self-Storage published an article by Vertical Consultants explaining the importance of maximizing a cell tower lease, aimed at informing self-storage owners throughout North America. Most self-storage owners are under the impression that a cell-tower lease only affects a small portion of their property, thereby presuming it cannot do them much harm. However, in actuality, terms of new leases and amendments to existing ones are now structured in a manner that can negatively impact a property or business.
A strategy to secure a smart cell-tower lease is to look past the immediate future and allow for an overall structure that will maximize the value of the lease, on day one, spanning throughout the entire term. At the same time, a smart cell-tower lease minimizes any negative impact the agreement can have on a self-storage facility’s development, disposition or even financing.
Hugh Odom, president and founder of Vertical Consultants states, “You need to review any agreement with an eye on the probabilities as well as the possibilities relating to your property and the lease. Again, we’re talking about an agreement that’s going to last for decades. Are you 100 percent certain what your business or property is going to look like in five or 10 years, much less 30? You want a lease that provides flexibility to adapt to changing conditions.”
In 2012, Vertical Consultants averaged an immediate increase in property owners’ cell tower rent of 142 percent. In addition to increasing rents, the telecom lease-consulting firm recovers unpaid cell tower rent and expenses for property owners. Since inception, Vertical Consultants has recovered over 200 years’ worth of cell tower rent and expenses, collectively, for their clients.
Vertical Consultants, founded in 2010 by Hugh Odom, is comprised of a group of wireless industry veterans with decades of combined experience. Vertical Consultants specializes in issues surrounding the wireless telecom industry and prides itself as a source of information for property owners. Vertical Consultants’ experience in the industry allows it to offer its clients unmatched expertise, services and results. Unlike others in their field, Vertical Consultants is able to handle every aspect of the issues surrounding a cell tower, rooftop or any other type of telecom lease, from start to finish.
To learn more, visit https://www.celltowerleaseexperts.com or contact Vertical Consultants at info(at)vertical-consultants(dot)com or 877.456.7552.
Link to article- http://www.insideselfstorage.com/articles/2013/12/the-selfstorage-celltower-lease-strategy-for-maximizing-the-partnership.aspx