1510 Otto Blvd, Chicago Heights, IL, USA

CLOSED: Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of newly executed site lease agreement with Vertical Bridge. The 105 ‘Monopole tower is scheduled for final installation in June 2020 with T-Mobile as the anchor tenant. The original lease term was for five (5) years with nine (9) additional five (5) year renewal options. The initial rent $21,600 annually, paid monthly. The rent will increase by one and one-half (1 ½ %) over the rent paid the previous year. Beginning with the second carrier, tenant will pay landlord 30% of the second and each subsequent additional broadband carrier sublease or license fee as a revenue share fee. Vertical Bridge has the Right of First Refusal. The property is located in Chicago Heights, Cook County, Illinois.
All offers should be presented in the formal of an executable Letter of Intent.
These are some particulars:
Sealed Bid Deadline: May 7, 2020
Initial Annual Rent: $ 21,600
Location: 1510 Otto Blvd. Chicago Heights, Illinois 60411
Buyer’s Premium: N/A
Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer