Title: Hawaii Lease of Water Tower Space for Cellular Antenna: A Comprehensive Guide Keywords: Hawaii, lease, water tower space, cellular antenna, types Introduction: Hawaii offers various opportunities for leasing water tower space to accommodate cellular antennas. This detailed guide aims to provide comprehensive information regarding the lease of water tower space for cellular antennas in Hawaii, including different types available for lease. 1. What is a Lease of Water Tower Space for Cellular Antenna? A "Lease of Water Tower Space for Cellular Antenna" refers to the legal agreement between a cellular service provider (lessee) and the owner of a water tower (lessor) in Hawaii. The agreement allows the lessee to install and operate cellular antennas on the water tower in exchange for periodic rental payments. 2. Benefits of Leasing Water Tower Space for Cellular Antenna: — Increased Network Coverage: Leasing water tower space enables cellular service providers to establish signal coverage in various areas, especially in remote or rural locations. — Economical Solution: By utilizing existing water towers, carriers can avoid the high costs associated with constructing and maintaining standalone cellular towers. — Reduced Environmental Impact: Reusing water towers for cellular antennas promotes sustainable infrastructure development while minimizing the need for additional structures. Types of Hawaii Lease of Water Tower Space for Cellular Antenna: 1. Rooftop Water Tower Lease: This type of lease involves installing cellular antennas directly on the rooftop of a water tower, providing enhanced coverage in urban and suburban areas. Rooftop water tower leases are commonly used by cellular carriers seeking to expand their network in densely populated regions. 2. Ground Water Tower Lease: Ground water tower leases involve installing cellular antennas at the base of the water tower, providing coverage to wider areas surrounding the tower. Such leases are often sought after in rural and remote regions, where the water tower is the dominant structure and optimal for network expansion. 3. Combination Water Tower Lease: A combination water tower lease combines elements of both rooftop and ground leases. Cellular carriers opt for this lease type when aiming to achieve a balanced coverage area, combining the benefits of urban coverage from the rooftop lease and broader coverage from the ground lease. 4. Exclusive Water Tower Lease: In some cases, cellular service providers may have exclusive leasing rights for a water tower, ensuring their presence as the sole provider of cellular services in the designated coverage area. Exclusive water tower leases can strengthen a carrier's market position, particularly in locations with limited infrastructure. Conclusion: Hawaii lease of water tower space for cellular antenna encompasses various types, including rooftop, ground, combination, and exclusive leases, each serving different coverage needs. By strategically utilizing water towers, cellular carriers can improve network coverage efficiently and provide better connectivity to residents and visitors across the Hawaiian islands.
Hawaii Lease of Water Tower Space for Cellular Antenna
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Verizon does not own its own towers, but it independently operates more than 2,000 towers in 2022. Verizon also operates over 4,000 rooftop locations within all 50 states. The company also has leased more than 11,000 towers to American Tower.
For a personal cell tower, you probably do not have to request a construction permit. Instead, you would need to clear the request with the building owner. That simple process means that you can add additional capacity easily.
On average, a single tower can collect $1,000 per month for a single tenant. Additional operators (up to four) are pure profit.
Finding out is fairly easy: Simply call your city/ county zoning office and ask about the requirements/ prohibitions for a cell tower on your land specifically on your land. You may be directed to a zoning map of your area, which shows zoning codes for the entire city or county.
Cell towers have become a lucrative investment opportunity for real estate investors looking for alternative property sectors. Investors like private equity funds and publicly-traded REITs are building up big portfolios of cell phone towers and rooftop antenna.
Negotiating Cell Tower Leases 5 Tips From ExpertsEmpower Yourself With Knowledge.Always Hammer Out Business Terms First.Rent Will Not Be Calculated On A Per Square Foot Basis.Everything Is Negotiable.Tenant's Have Experts On Their Side, Make Sure You Have Experts On Your Side.
For the large tower companies, they have excess cash and need a place to put it. By buying their ground leases, they not only protect their assets (their towers) but they also get to turn an operating expense (lease payments) into a long term capital asset (land rights).
The cell tower lease can pay a property owner anywhere from $100 per month to over $5,000 per month.
The average cost to build a cell tower is about $175,000, but the cell tower lease can add $600,000 to $1 million or more in value to the property. There are some disadvantages from cell tower leases for some property owners.