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4899 Summit Ridge Dr - Cell Phone Tower 0.08 Acres of Commercial Land Offered at $244,620 CAD in Reno, NV 89523
Executive Summary
DCG is pleased to present 4899 Summit Ridge Drive for sale. The subject property was originally leased in 2001 to a cell tower operator, Cricket Nevada, with the lease subsequently assigned to Crown Castle MU LLC. On December 14, 2015, the property owner sold a 99-year easement (structured with installment payments) to Crown Castle 09 LLC. This transaction conveyed the right to access, operate, and maintain the cell tower and included assignment of the existing lease.
As a result, the ground lease no longer generates income to the landowner. The value of the offering is derived from the present value of the remaining installment payments associated with the easement sale.
As a result, the ground lease no longer generates income to the landowner. The value of the offering is derived from the present value of the remaining installment payments associated with the easement sale.
Property Facts
| Price | $244,620 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.08 AC |
| Zoning | GC | ||
| Price | $244,620 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.08 AC |
| Zoning | GC |
1 Lot Available
Lot
| Price | $244,620 CAD | Lot Size | 0.08 AC |
| Price Per AC | $3,044,468.43 CAD |
| Price | $244,620 CAD |
| Price Per AC | $3,044,468.43 CAD |
| Lot Size | 0.08 AC |
DCG is pleased to present 4899 Summit Ridge Drive for sale. The subject property was originally leased in 2001 to a cell tower operator, Cricket Nevada, with the lease subsequently assigned to Crown Castle MU LLC.
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4899 Summit Ridge Dr - Cell Phone Tower
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