New Jersey Lease of Water Tower Space for Cellular Antenna: A New Jersey lease of water tower space for cellular antennas offers an opportunity for telecommunications companies to secure a prime location to install their cellular equipment. Water towers are excellent structures for housing cellular antennas due to their height and excellent coverage capabilities. With the increasing demand for seamless cellular network coverage, securing a lease of water tower space in New Jersey has become crucial for telecommunications companies to expand their network footprint and provide reliable services to their customers. In New Jersey, there are various types of leases available for water tower space for cellular antennas. These types include: 1. Ground Lease: A ground lease allows the lessee to lease a designated area around the water tower's base, providing space for equipment installation and maintenance. This type of lease grants the lessee exclusive rights to the ground space for a specific period, typically ranging from 10 to 30 years. 2. Rooftop Lease: Some water towers have rooftops that can be utilized for installing cellular antennas. Rooftop leases allow telecommunication companies to lease the rooftop space for cellular equipment installation. This type of lease often includes the surrounding space necessary for equipment maintenance and accessibility. 3. Co-location Lease: Co-location leases are agreements that allow multiple telecommunication companies to share the same water tower space. Co-location provides cost savings for all parties involved by sharing maintenance expenses and benefiting from a pre-existing structure's infrastructure. These leases are highly sought after due to the limited availability of water tower space for cellular antennas. 4. Non-Exclusive Lease: A non-exclusive lease allows the water tower owner to lease space to multiple telecommunication companies simultaneously. This type of lease offers the flexibility of accommodating multiple tenants, ensuring the efficient utilization of the water tower space. Securing a New Jersey lease of water tower space for cellular antenna provides numerous benefits. Firstly, water towers are strategically located throughout the state, offering optimal coverage and reducing the need for constructing additional cellular towers. Moreover, water tower installations usually have fewer permitting and zoning challenges compared to ground-up tower constructions. Leasing water tower space also allows telecommunication companies to rapidly expand their network coverage without significant infrastructure investments. In conclusion, a New Jersey lease of water tower space for cellular antennas provides telecommunication companies with an invaluable opportunity to enhance coverage capabilities, expand their network footprint, and deliver reliable services to their customers. Whether it is a ground lease, rooftop lease, co-location lease, or non-exclusive lease, securing water tower space enables telecommunications companies to effectively meet the ever-increasing demands for reliable cellular connectivity.
New Jersey Lease of Water Tower Space for Cellular Antenna
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While many still do, a growing share of the business is going to towercos, which primarily generate revenue by leasing space on their communication sites to wireless carriers and other tenants. Lease contracts vary, based on such factors as tower location and capacity, and space, weight and position on the equipment.
On average, a single tower can collect $1,000 per month for a single tenant. Additional operators (up to four) are pure profit.
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).
In far-flung communities with only a few thousand inhabitants, a standard tower costs about $100,000 to set up, meaning that a mobile operator will usually have to wait 10 years to see a return on its investment, as traffic on these networks is limited, according to Chinese technology company Huawei.
How much do cell phone tower leases pay? Cell phone tower lease rates vary greatly from well over $45,000 per year to only $100 per year. Rent is determined by a number of factors including location, population density, network needs, & construction limitations.
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.
In far-flung communities with only a few thousand inhabitants, a standard tower costs about $100,000 to set up, meaning that a mobile operator will usually have to wait 10 years to see a return on its investment, as traffic on these networks is limited, according to Chinese technology company Huawei.
On average, a cell tower generates $68,700 in revenue per year, and the monthly subtenant/co-locator (person whose property the antennae goes on) is paid $1,880-$2,874 per month. Property owners are woefully underpaid for their leasing their land.
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.