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  • Lot Number: 040626
  • Address: 601 Hamburg Turnpike, Wayne, NJ, USA
  • Type of Offering: Sealed Bid Auction of AT&T, Verizon and T-Mobile Site Lease Easements
  • Carriers and Leases: AT&T, Verizon and T-Mobile
  • Auction Structure: Publish Reserve
  • Bidding to Commence At: $2,775,000
  • Earnest Money: N/A
  • Buyer Premium: N/A

601 Hamburg Turnpike, Wayne, NJ, USA

Auction Details

Lot Number: #040626

Bidding to Commence At: $$2,775,000

Auction Date: April 17, 2026

Auction Time: 2:00 pm CST

UNDER CONTRACT:   Cell At Auction LLC is pleased to offer the opportunity to acquire  a 99 year Site Lease easement of AT&T, T-Mobile and Verizon site leases in Wayne New Jersey.  Wayne is a Township in Passaic County, in the U.S. state of New Jersey. Home to William Paterson University and located less than 20 miles from Midtown Manhattan, the township is a bedroom suburb of New York City and regional commercial hub of North Jersey. 

The AT&T site lease was signed 12/5/22 for five years with four (4) additional five year renewal terms, with an initial rent of $3,600 per month with 3% annual increases. The current annual rent is $47,208.   The Verizon site lease was signed 3/11/13 with an initial rent of $2,600 per month with 3% annual rent increases. The initial term was for five years with four (4) additional five year renewal terms. The current annual rent is $45,816. The T-Mobile site lease was signed on 5/12/03 for five years with three successive five (5) year renewal terms. This is a 3% annual increase.   This lease will expire in 2028. The current annual rent is $35,496. There are no Rights of First Refusal. Offers should be submitted in the form of an executable Letter of Intent.

Published Reserve:   $2,775,000

The Property address is: 601 Hamburg Turnpike, Wayne, New Jersey 07470  

Sealed Bid Deadline:  April 17, 2026

Current Annual Rent:    $126,156.48

Burton Blinick, Licensed Real Estate Managing Broker and Auctioneer 

 

  • Instructions
  • Bidder Packet

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.