Cell Tower Generator Projects
Back-up generators are typically designed to keep a cell tower operational for 24 to 48 hours in the event of a loss of power. After the loss of power to many cell towers following Hurricane Katrina, the FCC made a ruling in October of 2007 that mandatory back-up power for cell towers would be in the public’s best interest.
For years cell tower landlords have been receiving requests from tenants, such as Verizon and AT&T, to install back-up generators on their property. Some of the requests have been accompanied with offers of little to minimal increases in rent. This is of course of no surprise, as the proposition is delivered with the best interest of the tenant in mind – not you the landlord.
Generator projects present landlords a time sensitive opportunity to increase rent. Typically tenants are requesting to lease additional square footage for the generator space outside their lease area.
What is this additional lease space worth to the wireless carrier? At what amount of rent are deals being done at? Airwave Advisors has secured rent increases for landlords on many generator projects. Contact us today to learn more!
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About Nick G. Foster
Since founding Airwave Advisors® in 2014, Mr. Foster has added value to over 400 clients ranging from the State of Nevada, City of Beverly Hills, to Habitat For Humanity. Mr. Foster focuses on cell tower lease renewals, buyouts, new lease negotiation, and cell site lease management. Prior to starting Airwave Advisors® Mr. Foster founded and led the Cell Site Services Group within nationwide commercial real estate services leader Cassidy Turley (now known as Cushman & Wakefield).