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Phoenix City Council Approves 5-Year Lease Extension for Verizon Wireless Cell Tower at 305 W. Washington Street, Generating $110,400 Annually

  • When: 2025/06/18
  • Address: 305 W. Washington Street
  • City: Phoenix
  • State: AZ
  • Category: Contract
  • Subcategory: Contract Amendment
  • Subcategory-Type: Extension
  • Asset Class: Commercial
  • Size (SF): 313 SF
  • Size (Dollars): $110,400

The Phoenix City Council approved an amendment to License Agreement 141668 with Cellco Partnership, the successor-in-interest to Verizon Wireless (VAW), LLC. This amendment extends the license for Cellco Partnership to occupy approximately 313 square feet and utilize eight wall-mounted antennas on City-owned property located at 305 W. Washington Street. The agreement's term is extended for five years, commencing November 1, 2025, through October 31, 2030, with two additional five-year automatic renewal options. For the first year of the extended term, the base rent will be $9,200 per month, totaling $110,400 annually, with a three percent annual adjustment on each anniversary. The license permits Cellco Partnership to maintain and operate telecommunications equipment and related facilities at the site.

Source

Applicant - Cellco Partnership, successor-in-interest to Verizon Wireless (VAW), LLC


Ownership - City of Phoenix


City Representative - Mario Paniagua