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  • Lot Number: 042825
  • Address: 3289 Dam Neck Road, Virginia Beach, VA, USA
  • Type of Offering: Sealed Bid Auction of An AT&T Ground Lease site Easement
  • Carriers and Leases: AT&T
  • Auction Structure: With Reserve
  • Bidding to Commence At: N/A
  • Earnest Money: N/A
  • Buyer Premium: N/A

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3289 Dam Neck Road, Virginia Beach, VA, USA

Auction Details

Lot Number: #042825

Bidding to Commence At: N/A

Auction Date: May 21, 2025

Auction Time: 2:00 pm CST

Cell At Auction LLC presents a unique opportunity to acquire an AT&T ground lease site easement in Virginia Beach, Virginia.    We are offering a easement between the Dam Neck Tower LLC (seller)  and AT&T.  Dam Neck Tower LLC owns the easement on the property which provides AT&T access to their Antenna installation.   The original agreement commenced on October 29, 1998 through April 15, 2023 and there were six(6) additional five year renewal terms.  On July 1, 2022 the rent commenced at $1,000 per month with 2% annual rent increases.   The rent for May 2025 will be 1,061.21.   AT&T makes direct rent payments both to  the seller as well as to Vertical Bridge who has a master lease agreement with Virginia Electric and Power Company, whose tower the AT&T antenna is installed.   
AT&T has the Right of First Refusal.  
These are some particulars:
The Property address is: 3289 Dam Neck Road, Virginia Beach VA.   
Sealed Bid Deadline: May 21, 2025
Current Annual Rent: As of May, 2025 $12,734.52 annual.  
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.

Cell at Auction

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