FAQs About 17 Mile

Welcome to 17 Mile’s comprehensive FAQ section! As specialists in telecom real estate transactions of all sorts, we understand that buying and selling properties with cell tower and antenna leases involves unique considerations and specialized knowledge. Whether you’re a property owner looking to sell telecom assets, an investor seeking properties with existing telecom income, or someone curious about our value-add services, you’ll find answers to the most asked questions below.

Our team has facilitated over $250 million in telecom real estate transactions in addition to finding hundreds of thousands in “free” value for our clients, and we’re here to help you navigate this specialized market with confidence.

What kind of deals is 17 Mile looking to close?

While we look at all opportunities nationwide, our ideal transaction would be under $3 million and located within 3 hours of our offices in Conshohocken, PA, just outside Philadelphia.  We are less worried about what kind of real estate – commercial, mixed use, residential – than we are about the presence of current income from a telecom tower or antenna leases in the deal.

Does 17 Mile help landlords looking to sell their telecom assets?

Absolutely!  We have closed over $250 million in transactions on behalf of our owners. We always work to meet your goals in a transaction which usually entails maximizing the proceeds from the sale amongst other factors.  We can also assist owners in using a 1031 Exchange to defer taxes on any sale of a telecom asset if they are interested in reinvesting their funds.

How long does it usually take 17 Mile to close a transaction?

From offer acceptance to closing, transactions typically take about 45 days for all cash deals and up to 75 days if financing is required.  While we have strong relationships with local banks, their internal processes generally add around 30 days to the timeline.

Does 17 Mile currently own any assets?

Yes. 17 Mile owns multiple properties across several states and also holds positions in seller financed notes and hard money loans from previous transactions.

Would 17 Mile assist me in buying a property?

We may offer seller financing on specific properties we are selling and we do have hard money capital available for select transactions.  If local and the deal makes sense, we can provide financing or make a warm introduction to some of the lenders we know in the marketplace.

What makes 17 Mile different?

We’re problem solvers.  Many owners want to sell their property in one transaction to keep things simpler and we are buyers who understand this motivation.  We do what we say and our aim is to over deliver in a timely and professional manner.

If I hire 17 Mile to help me sell my lease or collect rents or fees due under my existing lease, how do you get paid?

We have a flexible fee structure that ensures that an owner gets true value from working with us.  At 17 Mile, we share in value that we create for you. Most times, we use our industry expertise to find value that you didn’t know was there.

Why Should I Choose 17 Mile?

Have Additional Questions About 17 Mile?

Don’t hesitate to get in touch if you have additional questions have about 17 Mile.  If you are interested in partnering on a deal or hiring us to help you in any telecom lease related matter, we’re always ready for a conversation. Contact us today.