Tower and Lease Listings

50 N Brockway St, Palatine, Illinois 60067, USA

Cell At Auction LLC, DBA Wireless Bridge Partners, LLC has been retained by Urban Associates, LLC to market and request proposals from carriers to deploy cellular antenna on this office building located in the heart of downtown Palatine, IL.  

Located at 50 N Brockway St, Palatine, Illinois  60067, this Five Story, 41,343 Square foot building is Located directly across from the Palatine Metra Train Station.

According to Bud Blinick, President of Wireless Bridge Partners LLC, mid -rise office buildings have become a primary resource for carriers to deploy cellular antenna.   The structures are perfectly built to accommodate this technology and property owners welcome the additional revenue.

Per Bob Qualkinbush, Principal of Urban Associates, “We have several carriers deployed on our other properties and have always found them to be great tenants.   We retained the services of Wireless Bridge Partners for their knowledge of the marketplace and provide us with the best opportunity to attract carriers”.

For more information, please visit our website at www.cellatauction.com

425 Division Street, Lockport, IL, USA

Contacts: Bud Blinick 847-977-2314

CLOSED: Cell At Auction LLC is pleased to offer the opportunity to acquire three 99-year Site Lease easements In Lockport, Illinois.   

Police Station.  Crown Castle. CLOSED  This site lease was originally entered into in June 1996 at a monthly rent of $450.  The rent was to adjust every five years based on CPI and was not to exceed 20% each renewal term.   The initial term was 5 years with three (5) year renewal terms.  The First Amendment dated September 30, 2005, provided for a new start date of September 1,  2006 for five years with three additional (5) year terms.   The rent was at $540 per month with a 10% rent increase every five years.   A second amendment was signed on November 22, 2016, with the successor as Crown Castle with the current extension term expiring in August 2021.  This amendment provided for six additional five (5) year renewal terms and a 15% revenue share for any additional tenants and the annual rent increases was changed to 2.5% annually. The current monthly rent is $927.76 or $11,133.13 annually.  

Division Street:   American Tower sites.     Regarding site # 304447. A second amendment was executed in October 2015.   At that time the lease terms were extended to include three(3) additional five (5) year renewal terms.  The rent was fixed at $2200/month commencing on October 26^th, 2017, with 3% annual increases.  The current monthly rent is $2550.39 or $30,604.68 annually.  Also included is an annual revenue share of $2,472 from Northern Illinois Gas.   Regarding site # 303912, the current monthly rent is $2,050 or $24,600 annually.  Commencing March 2023, and for each of the additional five (5) five year additional terms, there will be a 10% increase in rent

There are ROFR’S for all three sites.     Offers should be submitted in the form of an executable Letter of Intent and be presented as the purchase of each site lease individually and/or collectively.  Lockport is a city in Will County, Illinois, located 30 miles southwest of Chicago

These are some particulars:

Sealed Bid Deadline:  December 16, 2022

Current Annual Rent:  $68,809.81 (combined)

Location:  1212 S. Farrell Road and 425 Division Street, Lockport, IL

Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer

8499 Renee Ford Road, Stanfield, NC, USA

CLOSED:  Cell At Auction LLC is pleased to offer the opportunity to acquire a 99 year American Tower site lease easement in Stanfield, NC.  The site lease was initially started in 2014 for five years at $1,000 per month.  There are five (5) additional five year renewal options.  The increase is 10% each renewal term.  The annual rent is due to be increased in 2024 to $14,520.  There is a Right of First Refusal.  Verizon is the current tenant on the tower.   Offers should be submitted in the form of an executable letter of intent .  There will be no mortgage on the property.  Stanfield is a town in Stanley County, North Carolina.

Sealed Bid Deadline:   September 23, 2023   Current Annual rent:   $13,200       

Burton Blinick licensed Real Estate Managing Broker and Auctioneer in Cooperation with Gordon J. Greene, CCIM Licensed North Carolina Broker.   

12421 Archer Avenue, Lemont, IL, USA

Contacts: Bud Blinick 847-977-2314

Cell At Auction, LLC D/B/A Wireless Bridge Partners, LLC has been retained by the Village of Lemont, IL to market and request proposals from carriers to deploy cellular antenna on this soon to be constructed water tower.   Village Administrator George Schafer said the Village has secured property near Archer Avenue and Derby Road for a public works location, including a new water tower, salt storage and other public works related needs.

A new water tower will be built in Lemont to help meet current water demands and serve future growth, Village officials stated.   At a recent meeting, the Village Board approved the issuance of $7.2 million in general oblicagion bonds to support water infrastructure projects.   

According to Bud Blinick, President of Wireless Bridge  Partners, LLC, water towers have become a primary resource for carriers to deply cellular antenna.   The structures are perfectly built to accomodate this technology and municipalities benefit from the welcome rent.   Cell At Auction, LLC had previously represented the Village of Lemont in the auction of T-Mobile site easements on their other water towers.   For a site plan please visit our website.

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