Tower and Lease Listings

24582 West Miller Road, Barrington, Illinois, USA

Contacts: Bud Blinick 847-977-2314

• CLOSED:  Cell At Auction LLC is pleased to offer the opportunity to acquire a 99-year Crown Castle Site Lease easement In Barrington, Illinois. The Ground lease was initially entered into in 1995 with Ameritech Cellular Services. There was a first amendment entered into in May 2008 extending the lease to fourteen renewal terms (until 2061) and inserting a Right of First Refusal. Verizon and T-Mobile are  attached on this tower. Offers should be submitted in the form of an executable Letter of Intent. There is no mortgage on the property. The site has its own PIN number and pays property taxes.   Barrington is a village in Cook County and Lake County, Illinois.
• These are some particulars:

Sealed Bid Deadline:  April 28, 2022

• Current Annual Rent:  $ 9,663.12
• Location:  24582 W. Miller Road, Barrington, IL
• Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer
•  

600 Norman Street, Utica, IL, USA

Contacts: Bud Blinick 847-977-2314

CLOSED:  Cell At Auction, LLC is pleased to offer the opportunity to acquire two 99-year site lease easements in Utica, IL.   The SBA site lease was entered into in April, 2005 with Nextel West Corp.   The initial term was for 5 years with 5 (five) year renewal terms.   The initial rent was $1,400/month with 3% annual increases.   The current monthly rent is $2,246.57 and the current tenants are T-Mobile and Verizon.   The Vertical Bridge lease was originally entered into with Illinois Valley Cellular in 2006.   The initial rent was $1,000 monthly with 3% annual increases for a term of five years.   There are 4 (five) year renewal terms.   The current monthly rent is $1,525.64 and the current tenant is Illinois Valley Cellular.   There are no ROFR’S on either site.   Offers should be submitted in the form of an executable Letter of Intent and request that offers include marketing rights for a city owned water tower located at Exit 81-IL-178; Utica-Interstate I-80 Eastbound in Illinois and a revenue share opportunity for the site easements and water tower on an 80-20 basis (80% to Utica).  The water tower address is 823 E. US Hwy 6, Utica, IIL 61373.   The next rent increase for Vertical Bridge will be in August, 2022 and for SBA in July 2022.  Offers may be presented as the purchase of each site lease individually or collectively.  Utica, IL is a village in LaSalle County, IL  The current combined annual revenue is $45,266.52

482 Englesville Road, Boyertown, PA, USA

Contacts: Bud Blinick 847-977-2314

CLOSED:  Cell At Auction LLC is pleased to offer at sealed bid auction the opportunity to purchase three 199′ lattice towers already built and ready for carrier installation.   These towers were originally built 5-6 years ago with the intent to have Limitless Wireless as anchor tenant.  Two antenna installations were installed prior to Limitless Wireless filing for bankruptcy.   All three towers are on ground site leases and the ownership is current on payments.   An agreement (First Amendment) has been exeucted on the Boyerstown ground lease providing for one-half rent payments until the installation of the first carrier.   The seller has been making payments equal to 1/2 of the current rent on the Sunbury and Middletown, PA ground leases and as a condition to closing will make these two landlords whole and paid in full.  The towers are located in Sunbury, Boyertown and Middletown, PA.  Tower heights are 199′.  Offers must be presented in the form of an executable Letter of Intent.   There are no ROFR’s.  Please refer to the individual ground leases for payment and terms of the lease that are provided in the due diligence section of our website.   Offers may include the purchase of one, two or all three towers.  

These are some of the particulars:  Sealed Bid Deadline, July 8, 2021.   Locations:  482 Englesville Rd., Boyertown, 309 East Market Rd., Middleburg and 668 Edison Heights Rd, Sunbury, PA.   Burton “Bud Binick” licensed Illinois Managing Broker in cooperation with Gordon J. Greene, Licensed PA Real Estate Broker and Auctioneer.  

16050 Center Avenue, Harvey, IL, USA

Contacts: Bud Blinick 847-977-2314

CLOSED:  Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of a T-Mobile Water Tower site lease in Harvey, IL The tower is city owned and operational. The original site lease was entered with Voicestream in May 2004 and commenced in February 2005. The initial term was for 5 years at $1,200 per month. There are five (5) additional five-year renewal terms with an increase of 15% per term. There is no ROFR (right of first renewal). The tower is located approximately 1 mile from a newly (in-construction) 855,000-square-foot Amazon facility which is at the intersection of I-294 and RT. 6 (159th street). Offers should be submitted in the form of a Letter of Intent and request that offers include marketing rights with a revenue share model. Harvey is a city south of Chicago in Cook County, Illinois, United States

These are some particulars:
Sealed Bid Deadline: April 23, 2021
Current Annual Rent: $21,900.60
Location: 16050 Center Road, Harvey, IL 60426
Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer

3321 State Route 31, Crystal Lake, IL, USA

Contacts: Bud Blinick 847-977-2314

CLOSED:  Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of a Vertical Bridge Site Lease Agreement in Crystal Lake, IL. The Site Lease was originally executed with PrimeCo in March 1997 at the initial annual rate of $10,800 for five years with four (5 year) renewal terms. There was a 20% increase per renewal term period. A first amendment was executed in Jan. 2011 adding one additional 5-year renewal term and amended the annual rent to $13,326 with 2.25% annual increases. VB Midwest acquired the tower from US Cellular in 2015. The 2021 annual rent to be paid in March 2021 is $15,571.59. In the event the final renewal term is exercised this lease will extend until 2027. There is NO ROFR (right of first refusal). The two carriers currently on the tower are T-Mobile and Sprint. Special consideration will be given to offers that include a revenue share model for future carriers. Crystal Lake is in McHenry County and is one of the best places to live in Illinois. All offers should be presented in the format of an executable Letter of Intent. Landlord has requested that the following be included in the offering. 1. Landlord shall have rights to utilize the underground of the area of easement to bring utilities (eg., sewer, water, etc) to serve the property. Such modifications shall not adversely impact the tower structure.
2. Easement purchaser shall pay prorated share of property tax increases. Please call for additional information.

These are some particulars:

Sealed Bid Deadline: April 1, 2021
Current Annual Rent: $15,571.59
Location: 3321 State Route 31, Crystal Lake, IL 60012
Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer

17311 Fusion Way, Country Club Hills, IL, USA

Contacts: Bud Blinick 847-977-2314

CLOSED: Cell At Auction LLC is pleased to offer the opportunity to acquire a 99-year easement of an American Tower site lease located on private property in the City of Country Club Hills, IL. The original site lease was entered into in 1996 with Southwestern Bell Mobile Systems, Inc. d/b/a Cellular One. There are four (4) additional periods of five (5) year extensions. The three carriers currently on the tower are AT&T, Verizon and T-Mobile and the tower is located at 17311 Fusion Way, Country Club Hills, IL 60478. The site is adjacent to the heavily trafficked I-57. Current annual rent is $14,400. There is one more rent extension in 2022 when the rent will be $15,600 annually. The original commencement date for this site is 10/1/1997 and the final expiration date of the lease as 9/30/2027. THERE IS NO ROFR. The site has it’s own PIN number and ATC pays their own property taxes. All offers should be presented in the form of an executable Letter of Intent. Country Club Hills is a village located in Cook County and is a suburb of Chicago
These are some particulars:
Sealed Bid Deadline: December 10, 2020
Current Annual Rent: $ 14,400
Location: 17311 Fusion Way, Country Club Hills, IL 60478
Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer