4899 Summit Ridge Dr Cell Phone Tower, Reno, NV for sale

Investment Overview

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 property is the present value of the remaining cash flow from the sale of easement. sale.