11550 Bell Road, Lemont, Illinois, USA

Contacts: Bud Blinick 847-977-2314

CLOSED: Cell At Auction LLC is pleased to offer the opportunity to acquire a 99-year APC Tower Site Lease easement In Lemont, Illinois.   The initial option and ground lease agreement was entered into September 9, 2015 by and between Everest Academy of Lemont and APC Towers II LLC.    The easement portion of the property is comprised of approximately 50″ X 50″ sq. ft. of ground space together with easements for ingress and egress.  The easement purchaser must agree that this purchase must contain language that allows for the possibility that the access portion of the easement to be modified pending a redevelopment to the master plan of the entire site.  The first addendum had a start date of May, 2016 with a one-time payment of $175,000 for 120 months (10 years), which equated to $2,116.09 per month.   At the end of the initial 10 year term, the rent will commence at the rate of $2,316.09 per month.   The lease does not provide for any increases for the remaining term.   This is what the monthly rent will be through the end of the lease (May 6, 2043).   There is a Right of First Refusal.  In addition to the Rent, Leases shall pay Lessor twenty seven percent (27%) of the actual rent received for each additional Wireless Carriers or any other subtenant which sublease space at the site from Lessee.  

These are some particulars:

The Property address is: 11550 Bell Road, Lemont, IL

Sealed Bid Deadline:  November 22, 2024

Current Annual Rent:     $27,792 starting in May, 2026 at the end of the initial 10 year period .    

Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer

106 Wilmot Road, Deerfield, IL 60015, USA

Contacts: Bud Blinick 847 977-2314

Cell At Auction LLC announces that it has been retained by Walgreen Co. to offer for sale 54 Telecommunication Site License Agreements throughout the United Sates.  Walgreen Co. has determined that these assets, while generating a significant amount of recurring revenue are non-core assets and would be best owned and managed by a national company better positioned to enhance the valuation of these sites.  Many of these license agreements have or will soon be expired and require experienced and on-going management.   Several rents may be perceived to be at under market rents which present a new buyer the opportunity to negotiate new long-term higher rents.   The portfolio is currently generating in excess of $317,000 in annual revenue.

Licensed site tenants include Verizon, T-Mobile, AT&T, Dish, Boingo, Towerco, Crown Castle, and Vertical Bridge.   Information including access of all the license agreements can be found at Cellatauction.com after executing an NDA.   Bids are due in the format of an executable Letter of Intent by April 9, 2025.  

7456 South South Shore Drive, Chicago, IL, USA

Contacts: Bud Blinick 847-977-2314

UNDER CONTRACT:  Cell At Auction LLC is pleased to offer the opportunity to acquire a 99-year T-Mobile Site Lease easement in Chicago, IL.  

The original site lease was entered into between Pinnacle Multi-Acquisitions LLC and T-Mobile in 2017. The initial term was for five (5) years with five (5) successive five year renewal terms.  The Rent for each successive Renewal Term shall be an amount equal to One Hundred and Ten percent (110%) of the Rent for the immediately preceding Term.  After the final renewal term, the lease shall automatically extend for nine (9) successive one year periods and the rent for each extended period shall be 101% of the previous term. The landlord may terminate the renewal term of any extended period with a six (6) month notice. There is no right of first refusal. The current monthly rent is $1,897.50.  

These are some particulars:

The Property address is: 7456 South Shore Drive, Chicago IL. 

Sealed Bid Deadline:  March 21, 2025

Current Annual Rent:     $22,770

Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer.

5737 North Kenmore Avenue, Chicago, IL, USA

Attention Site Acquisition companies and Wireless Carriers.    Cell At Auction LLC D/B/A Wireless Bridge Partners LLC is pleased to market the rooftop at 5737 N. Kenmore Apartments in historic edgewater, Chicago, IL.   Located just steps from Thorndale Beach and minutes from Lake Shore Drive.   This 7-story elevator building is located in desirable Edgewater which is a quiet long historied neighborhood located on the north side of Chicago.   For more information on this opportunity to enhance youre carrier coverage please contact Bud Blinick at 847-977-2314 or visit cellatauction.com.

Kenmore photo

808 High Street, Westwood, MA, USA

CLOSED: Cell At Auction LLC is pleased to offer the opportunity to acquire a 99-year Crown Castle Site Lease easement In Westwood, MA.   The initial site lease was entered into between First Baptist Church of Westwood and Omnipoint Communications for an initial five years with four (5) year renewal options dated November 5, 2000.  The base rent was $1,800 per month.   There is a 20% rent increase per term renewal option.   There was in addition a provision for an increase of the rent for a third party tenant on the tower.   A second amendment was entered into between First Baptist Church of Westwood and T-Mobile USA Tower USA on November 12, 2013 adding an additional 8 five year extensions which would last until November 30, 2056.   In paragraph 5 language was added to include a 40% revenue share for the first subtenant, 45% for a second subtenant and 50% thereafter.  In addition, a Right of First Refusal was added to this first amendment.   Offers may be presented on the basis of a one – time lump sum payout or multi-year (5-10-20 years) payout.    The town of Westwood is located 13 miles southwest of Boston. This beautiful town was ranked 13^th on CNN/Money and Money magazine’s 100 Best Places to Live in the United States.  Westwood is a town in Norfolk County, Massachusetts, United States.  

These are some particulars: 808 High Street, Westwood, MA

Sealed Bid Deadline:  October  3, 2024

Current Annual Rent:  $68,194.68  (Base rent scheduled for 20% increase December 1, 2026).

Burton Blinick, Licensed Massachusetts Auctioneer

12421 Archer Avenue, Lemont, Illinois, USA

Contacts: Bud Blinick 847-977-2314

Chicagoland Water Towers are available for antenna siting.  Municipalities of Wilmette, Stickney, Campden Hills, Northlake, Lemont, Robbins and Burr Ridge, Illinois. Visit cellatauction.com or call/text Bud Blinick 847-977-2314.