For Sale:

Cell Tower Income Property

Availability: 
Available
Featured Listing: 
No
Asking Price ($): 
$430,000
Square Footage (SF): 
5,000
Address: 
891 NE 6th St
Gresham, OR 97030
  • 2 small equipment buildings on an approximate 5,000 SF lot.
  • Two Leases–AT&T and Sprint Wireless:
    • AT&T lease is for 25 years with 16 year remaining (Absolute Net) AT&T must notify to renew every 3 years
    • Sprint Wireless lease is for 15 years with 10 years remaining (Absolute Net)
  • Both leases have annual CPI increases
  • No Landlord expenses or responsibilities
  • Sale is subject to Seller securing a satisfactory partition
  • Asking $430,000. 7% CAP
  • INCOME –
    • AT&T - $1,617. per month
    • Sprint - $ 938. per month
    • Total annual income: $30,660
    • Less taxes: (approx. -500)
    • Net Income: $30,160.
Flyer (PDF): 
application/pdf iconcell-tower-income-property.pdf