Beyond Self‑Storage: Passive Income from Cell Tower Leases on Commercial Properties
If you’re the owner of commercial property, it’s highly likely that you’re consistently on the lookout for ways to maximize the revenue opportunities of the property. If so, you may have considered the possibility of passive income from a cell tower lease. If a telecommunications company has approached you about placing a cell tower lease on your property, there are a number of things to consider when deciding if it’s best for you and the current businesses on the property. Today, we’ll discuss some of those benefits, what to consider, and how Cell Site Advisors can help you get the most out of the deal if you choose to move forward.
Opportunities Beyond Self Storage
Our Principal, Ted Unkel, at Cell Site Advisors recently wrote an article speaking to the benefits of adding a cell tower lease to self-storage facilities for extra income. Read it here: “Generating Passive Income for Your Self-Storage Operation With a Cell-Tower or Telecom-Antenna Lease” But there are a variety of potentially lucrative commercial locations that might do well to add the additional income from adding a cell tower to their land or structure. Other commercial properties that might be considered include:
Office parks
Warehouses
Retail centers
Hotels
Truthfully, there are many creative options when it comes to adding passive income from a cell tower lease to your commercial property.
Tenant Experience
One thing to consider if approached about a cell tower lease on your property is the day-to-day needs and operations of your current business and any tenants or guests you may have. While adding a new stream of income can be exciting, if it’s to the detriment of your current income, the decision might not be the right one for you. Cell Site Advisors is prepared to help you evaluate your options to better understand the impacts of putting a tower on your property. We pride ourselves on brokering deals that enhance the value of your property and offer additional income without hindering your current operations.
Income Potential and Negotiation
The type of tower you put on your property has a big impact on income potential as well. Your location and the needs of your business may dictate whether a ground tower or a rooftop tower is placed. Other factors, like the location of your property and zoning rules, may affect this as well. By partnering with Cell Site Advisors, we’ve got the cell tower lease negotiation covered. We leverage over 20 years of telecommunications experience and relationships to make sure the right type of tower is placed at the right price.
If you’re ready to negotiate a cell tower contract that will benefit your business and commercial property for years to come, Cell Site Advisors is available to take your next phone call. Feel free to contact us to schedule a consultation. We look forward to working with you!
About the Author
Ted Unkel is a principal at Cell Site Advisors, which specializes in negotiating telecom leases and transactions for property owners. He has more than 20 years of experience in the telecom industry, mostly working in nationwide negotiations on behalf of Crown Castle, a real estate investment trust that works with landowners and property owners on cell-tower leases and real estate infrastructure.