Vertical Consultants Achieves Over 60% Cell Tower Rent Increase for Self-Storage Company
Vertical Consultants is pleased to announce that recent negotiations with the nation’s second largest tower developer have resulted in immediate cell tower rent increases for its client, Security Self-Storage. Security Self-Storage, a real estate development company, operates facilities in over sixty locations throughout North America. Headquartered in Wichita, Kansas, the actual site involved in the negotiations is located in Houston, Texas.
Vertical Consultants was engaged by Security Self-Storage to review their current cell tower and rooftop telecom leases associated with their properties and to provide counsel regarding these telecom assets. Upon review of these assets and the utility of the client’s site Vertical Consultants determined Security Self-Storage was not receiving fair value rent for the use of the Houston, Texas property where they are leasing ground space for certain cell tower facilities serving AT&T, Verizon, Sprint and other national wireless carriers.
This determination prompted Vertical Consultants’ negotiations with the tenant, the second largest tower developer which led to the following: Security Self-Storage’s re-entry into their existing cell tower lease; an immediate cell tower rent increase of over 60%; and a modification of the lease allowing Security Self-Storage to share in revenues derived from the site by the telecom tenant. Negotiations and modifications of this lease will lead to a significant increase in revenue for Security Self-Storage.
Hugh Odom, the President of Vertical Consultants, stated “Our efforts in this transaction provide a prime example of how proper information and direction can help property owners across North America tap into unrealized revenue. Telecom companies across the United States continue to rely on property owners not understanding the true value of their sites for telecom purposes and it is our mission to provide them the information they need to optimize the value of their property.”
Vertical Consultants has positioned itself as the only independent landowner advocate and lease-consulting expert in the industry. Armed with dynamic knowledge and access to guarded insider information, tactics and industry background, Vertical Consultants aims to empower and assist cell tower property owners nationwide by leveling the playing field between property owners and telecom companies. 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.
About Vertical Consultants
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 https://www.vertical-consultants.com or contact Vertical Consultants at info(at)vertical-consultants(dot)com or 877.456.7552.]]>