17311 Fusion Way Country Club Hills, IL 60478

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Bud Blinick

Lot Number: 12102020
Address: 17311 Fusion Way
Country Club Hills, IL 60478
Type of Offering: Sealed Bid of a 99 year easement
Carriers and Leases: AT&T, Verizon, T-Mobile
Auction Structure: With Reserve
Earnest Money:
Buyer Premium:

Auction Details

Lot Number: #12102020

: $

Auction Date: 12/10/2020

Auction Time: 2pm CST

UNDER CONTRACT: 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

Thank you for your interest regarding this cell tower/antenna. If you are interested in bidding on this asset and require more information, click on the tab labeled “Bidder Packet”.   If you have questions regarding the due diligence either call Bud Blinick at 847-977-2314 or email Bud at budb@cellatauction.com.

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