There is a Fee Simple Interest in the 3.005 acres and a Leasehold interest in the 4.092 acres. The 2 tracts combined result in a long, narrow shaped parcel, that partial wraps a 40,001 SF parcel, where a MCI Telecommunication Tower exist. This tower area is “site leased” for an option of 10 successive periods of 5 year each, which started September 1, 1984. Since the site lease also includes the rear 4.092 acres of the subject property, Ernest John Botard, Jr. has a “leasehold interest” in the 4.092 acres. According to the MCI Telecommunications Corporation Site Lease Memorandum, the tenant shall pay the landlord $100.00 per year.
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Listing information last updated on September 17th, 2019 at 2:00pm CDT.