7362 Hwy 9, Felton, CA, USA

CLOSED:  Cell At Auction LLC is pleased to offer the opportunity to acquire a 99-year Crown Castle Site Lease easement In Felton, CA.  The initial site lease was entered into in April, 1999 between a prior landlord and SBA Tower Holdings.   The current site lease started in December 2019 between the current landlord and CCTM LLC, a Delaware LLC and expired in April, 2019 and at the conclusion of the initial term, lessee is entitled to five (5) extensions of five (5) years with the final renewal term expiring on April 29 2044.   There is a 3% annual renewal rent increase.  The current rent as of March 28, 2023 is $1,618.15 monthly.  The payment is broken down as $1,493 rent and $125 reimbussement for utilities.  This LL has a MW reflector system and 1 equipment cabinet partially on ground and on the roof. There is a Right of First Refusal.  Felton is a census-designated place in Santa Cruz County, California, United States. 

These are some particulars:

Sealed Bid Deadline;     June 30, 2023

Current Annual Rent:  $ 19,476

Burton Blinick, Licensed Real Estate Managing Broker and Auctioneer in Cooperation with Todd Good Licensed California Broker License # 01165221