Tower and Lease Listings

Sealed Bid of a 50-Year Vertical Bridge Site Lease, Crystal Lake, IL

Lot: 4012021

Type of Asset: Vertical Bridge Site Lease

Carriers: T-Mobile & Sprint

Date of Auction: 04-01-2021

Auction Time: 2:00 am CST

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

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American Tower Site, Country Club Hills, IL

Lot: 12102020

Type of Asset: American Tower Site Lease

Carriers: AT&T, Verizon, T-Mobile

Date of Auction: 12/10/2020

Auction Time: 12:00 am CST

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

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Lemont, IL Water Tower Site Lease Easement

Lot: 72920

Carriers: T-Mobile and Sprint

Date of Auction: 09-30-2020

Auction Time: 2:00 am CST

741 Houston Street, Lemont, 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 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

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Bethalto School District Cell Tower RFP

Lot: 9182020

Type of Asset: Cell Tower Request For Proposal

Date of Auction: 09-18-2020

Auction Time: 2:00 am CST

101 School Street, Bethalto, IL, USA

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

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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, 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 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

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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, 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 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

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