Tower and Lease Listings

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

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

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