Tower and Lease Listings

Bethalto School District Cell Tower RFP

Lot: 09182020

Type of Asset: Cell Tower Request For Proposal

Carriers:

Date of Auction: 09-18-2020

Auction Time: 2:00 pm CST

101 School Street, Bethalto, Illinois 62010

Contacts: Bud Blinick 847-977-2314

BID AWARDED: Bethalto Community Unit School District No. 8, Bethalto, IL has authorized Cell At Auction LLC to market a request for proposals (RFP) soliciting interest from firms looking to build a cell tower to accommodate up to six cellular carriers and municipal equipment at the Northwest corner of a district site adjacent to I-255 The school district and surrounding community has experienced growth yet lacks the necessary wireless and bandwidth coverage to satisfy the demand, resulting in an existing lack of adequate coverage within school district facilities and across the area”. Bethalto Community Unit School District No. 8 is a unified school district located in the Madison County village of Bethalto, Illinois and surrounding communities. The district is located just 30 minutes north of the St. Louis Metro Area along the heavily traveled I-255 corridor. The district is composed of five schools, of which all but one is located in the village of Bethalto. The cell tower will also provide a source of revenue for the district, as the selected firm will be required to provide an upfront payment and/or a percentage of the cellular carrier lease payments it generates annually, along with the easement or lease agreement reached between the parties. Latitude: 38.908990 Longitude: -90.059650

Details

Chicago Heights, Illinois Vertical Bridge Easement

Lot: 31920

Type of Asset: Vertical Bridge 50 Year Easement

Carriers: T-Mobile

Date of Auction: 05-07-2020

Auction Time: 12:00 pm CST

1510 Otto Blvd, Chicago Heights, Il 60411

Contacts: Bud Blinick 847-977-2314

CLOSED: Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of newly executed site lease agreement with Vertical Bridge. The 105 ‘Monopole tower is scheduled for final installation in June 2020 with T-Mobile as the anchor tenant. The original lease term was for five (5) years with nine (9) additional five (5) year renewal options. The initial rent $21,600 annually, paid monthly. The rent will increase by one and one-half (1 ½ %) over the rent paid the previous year. Beginning with the second carrier, tenant will pay landlord 30% of the second and each subsequent additional broadband carrier sublease or license fee as a revenue share fee. Vertical Bridge has the Right of First Refusal. The property is located in Chicago Heights, Cook County, Illinois.
All offers should be presented in the formal of an executable Letter of Intent.
These are some particulars:
Sealed Bid Deadline: May 7, 2020
Initial Annual Rent: $ 21,600
Location: 1510 Otto Blvd. Chicago Heights, Illinois 60411
Buyer’s Premium: N/A
Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer

Details

4624 S Ellis, Chicago Il 50 Year Easement

Lot: 1262001

Type of Asset: 50 Year Easement

Carriers: AT&T

Date of Auction: 01-26-2020

Auction Time: 12:00 pm CST

4624 S Ellis, Chicago, Il 60653

Contacts: Bud Blinick 847-977-2314

CLOSED: Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of an AT&T structural lease agreement in Chicago, IL The original lease was executed in November 2013 by New Cingular Wireless PCS and a prior apartment building owner. The original lease term was for five (5) years with four (4) additional five (5) year renewal options. The initial rent was for $19,200 annually, paid monthly. The rent will increase by three percent (3%) over the rent paid over the previous year. Under the current terms the lease will expire in 2038 if all renewals are exercised. AT&T has the right to match the high bidders offer to purchase the rental stream offer. Special consideration will be given to offers that provide for a revenue share for additional wireless carriers. The property is located near the border of Hyde Park and Kenwood Historic neighborhoods. All offers should be presented in the formal of an executable Letter of Intent.

These are some particulars:
Sealed Bid Deadline: January 26, 2020
Current Annual Rent: $ 22,258
Location: 4624 S. Ellis, Chicago, IL
Buyer’s Premium:
Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer

Details

Lemont, IL Water Tower Site Lease Easement

Lot: 072920

Type of Asset:

Carriers: T-Mobile and Sprint

Date of Auction: 09-30-2020

Auction Time: 2:00 pm CST

741 Houston Street, Lemont, Illinois 60439

Contacts: Bud Blinick 847-977-2314

UNDER CONTRACT: Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of T-Mobile Wireless Water Tower Lease Agreement located on a village owned operational water tower. The original site lease was entered into in 2000 and amended in 2018. The tower is located at 741 Houston Street, Lemont, IL. The newly amended site lease is for five (5) years and there are four (4) successive five (5) year renewal terms. Current annual rent is $34,980 and the annual rent increases are equal to 15% over the rent for the immediately preceding renewal term. There is no ROFR. There is currently an active Sprint site lease which is generating $33,485 annually. The offer should include a revenue share model for additional carriers. The city owns a water tower located at 1143 State Street and requests that offers include marketing rights to that site as well. All offers should be presented in the form of an executable Letter of Intent. Lemont is a village located in Cook, DuPage, and Will counties and is a suburb of Chicago

These are some particulars:
Sealed Bid Deadline: September 30 2020
Current Annual Rent: $34,980.
Location: 741 Houston Street, Lemont, IL

Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer

Details

Rockingham NC 50 Year Easement

Lot: 22720

Type of Asset: 50 Year Easement

Carriers: Verizon Wireless

Date of Auction: 08-11-2020

Auction Time: 12:00 pm CST

119 S Lawrence St, Rockingham, NC 28379

Contacts: Bud Blinick 847-977-2314

UNDER CONTRACT: Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of newly executed Verizon Wireless site lease located on a city owned water tower. This is an active operational water tower. The lease was just entered into on November 15, 2019. The tower is located at 119 S. Lawrence Street, Rockingham, NC. The lease initial term is for five (5) years and there are four (4) successive five (5) year renewal terms. The initial rent is $1,950 per month and the annual rent increases are equal to 10% of the annual rental in effect during the last year of the immediately preceding 5-year term. Construction of the equipment installation commenced on June 17, 2020 and the scheduled final installation date is for late July 2020. There is a ROFR (right of first refusal). Rockingham is a city in Richmond County, North Carolina and is the county seat of Richmond County. All offers should be presented in the form of an executable Letter of Intent.
These are some particulars:
Sealed Bid Deadline: 08/11/2020
Current Annual Rent: $23,400
Location: 119 S. Lawrence Street, Rockingham, North Carolina 28379
Buyer’s Premium: 6%
Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer in Co-operation with Gordon Greene Licensed North Carolina Broker

Details

Sheffield Lake Ohio 50 Year AT&T Easement

Lot: 12191901

Type of Asset: 50 Year Easement

Carriers: AT&T

Date of Auction: 12-19-2019

Auction Time: 12:00 pm CST

5115 Lake Rd, Sheffield Lake, OH 44054

Contacts: Bud Blinick 847-977-2314

UNDER CONTRACT:Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of an ATT rooftop lease agreement in Sheffield Lake, Ohio, east of Cleveland along the shore of Lake Erie. The original lease was executed in 1998 by Ameritech Wireless Communications, Inc. and a prior apartment building owner. The original lease term was for ten (10) years and two (2) additional five (5) year renewal options. The initial rent was for $12,000 annually. The rent for the first renewal term increased to $13,800 annually and for the second renewal term $15,876 annually. A first amendment was executed in January 2015 and a second amendment executed in May 2016. Under the current terms the lease will expire in 2030. AT&T has the right to match the high bidders offer to purchase the rental stream offer. The lease provides for the landlord to receive 50% of any payments made by additional tenants, therefore the new easement purchaser will have the opportunity to generate additional revenue as well. Sheffield Lake is a city in Lorain County, Ohio, United States.
These are some particulars:
Sealed Bid Deadline: December 19, 2019
Current Annual Rent: $ 17,544. Rent is scheduled to increase in Feb. 2020 to $18,250
Location: 5115 Lake Road, Sheffield Lake, Ohio 44054
Buyer’s Premium: 6%

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

Details

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