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  5. ›PURCHASE OF CELL TOWER LEASES

Awarded contract·City of Palm Bay·Florida

PURCHASE OF CELL TOWER LEASES

$2.7MSingle Award
Contract source

Description

The City of Palm Bay is requesting proposals for the sale of cellular telephone tower leases for rental income from five cell towers. The city receives rent from 11 leases, generating $15,205.66 in monthly rents. The city will consider proposals for all tower leases for 15 or 30 years only, with split-pay or revenue sharing components. The contract document includes various attachments, such as lease documents and addendums. • The city is selling leases for five cell towers. • The leases generate $15,205.66 in monthly rents. • Proposals are being accepted for 15 or 30 year leases. • Split-pay or revenue sharing components will be considered. • Various attachments are included, such as lease documents and addendums.

Attached files

Key dates

Last updated

Details

Award type
Single Award
Industry
Real Estate
NAICS
531110
Solicitation №
2011-0-26

Contract value

$2,736,705

Based on the contract document, the total annual rental income from the 11 leases is $182,467.92 (11 leases * $15,205.66 per month * 12 months). Assuming a 15-year lease, the total value of the contract could be approximately $2,736,705.80 (15 years * $182,467.92 per year). However, this is a rough estimate and the actual value of the contract may be different.

AI estimate from the award documents

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