Commercial Real Estate Investing

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Charley C.
  • North of Houston
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What is a cell tower worth? Is there a good market for them?

Charley C.
  • North of Houston
Posted Jun 19 2019, 09:04

I and 2 other partners own a cell tower. I think we might want to cash out on it. Anybody have any idea of who to reach out to in order to sell it? or what its even worth? I believe if we cash out on it, we would want to sell it and be rid of it, not just sell the lease on it and then still have fool with ownership while very little benefit being left.

Its just monopole but located in a heavily populated area grandfathered in. I don't think building another in this area is an option so I see some value here. The lease on it now expires in about 10 years. Currently earning about grand a month and will increase 30% before the lease is done. I see multiple carriers (like all of them in the area) using it too so its got to be worth something

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