Most cell tower leases are considerably under-valued.
Nashville, TN (PRWEB) February 16, 2012
Vertical Consultants gladly announces its ability to assist Budget Self Storage, an Allentown, Pennsylvania based self-storage operator with fifteen industrial properties located throughout the Northeastern United States with a renegotiation of its current telecom ground lease with Sprint-Nextel Corporation (the third largest telecom provider in North America and 85th largest company in the United States). Vertical Consultants re-entry into the current cell tower lease will result in a significant and immediate increase in rent revenue to be received by its client, Budget Self Storage. Their client will also gain other monetary considerations not provided under the previous lease structure.
Vertical Consultants was engaged by Budget Self Storage in 2011 to provide counsel regarding its current cell tower lease associated with one of its sites. Upon evaluation of Budget Self Storage’s current agreement, Vertical Consultants was able to re-enter into an existing cell tower lease at its Allentown, Pennsylvania location. Vertical Consultants examination of the lease deemed it significantly under-valued due to the use of and importance to Sprint.
Based upon Vertical Consultants aforementioned review and evaluation, it assisted Budget Self Storage to secure a modification of the existing lease terms that included restructuring how rents revenues were to be calculated over the remaining term of the lease. The immediate impact of these lease revisions will include, amongst other things, an immediate 46% increase in rent revenues to be received by Vertical Consultants client.
Hugh Odom, the President of Vertical Consultants, stated “Most cell tower leases are considerably under-valued. The primary reason for this is that most property owners do not have the information or representation needed to match the experts that the telecom companies have had on their side for the last three decades.”
Vertical Consultants has and continues to situate itself as a source of information for property owners looking for answers to wireless telecom questions. Equipped with the expertise to know how some of the largest telecom companies the world evaluate telecom sites, Vertical Consultants aims to aid property owners in making the most advantageous decisions when they lease their property. Vertical Consultants mission is to change the way things are done in the wireless industry and is willing to take on the largest telecom companies in the world to do so.
Vertical Consultants was founded in 2010 by Hugh Odom and is comprised of a group of wireless industry veterans with more than forty (40) years 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 http://www.vertical-consultants.com.
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