• Lot Number: 062324
  • Address: 3723 34th Street, Lubbock, Texas, USA
  • Type of Offering: Sealed Bid Auction of a 60-year Crown Castle tower site easement
  • Carriers and Leases: T-Mobile, Verizon
  • Auction Structure: With Reserve
  • Bidding to Commence At: N/A
  • Earnest Money: N/A
  • Buyer Premium: N/A

3723 34th Street, Lubbock, Texas, USA

Auction Details

Lot Number: #062324

Bidding to Commence At: N/A

Auction Date: June 23, 2024

Auction Time: 2:00 pm CST

Cell At Auction LLC is pleased to offer the opportunity to acquire a 60-year Crown Castle  Site Lease easement In the City of Lubbock, Texas.  The original lease Option was exercised on June 30, 2008 for five years with an additional five (5) year renewal options.   There is a 3% annual rent increases and the initial rent was $950 per month.   There is no provision for a co-location or revenue share when additional carriers are added. A First Amendment was signed on September 12, 2018 where the initial five (5) year renewal terms were eliminated and replaced with eleven (5) year renewal terms. The current monthly rent is $1,524.47.   Should all renewal terms be exercised this lease will expire on June 29. 2068.   In addition, a Right of First Refusal was added to this first amendment.   Currently Verizon and T-Mobile are the two carriers on the tower.  Lubbock is a city in the U.S. state of Texas and the seat of Lubbock County with a population of 266,878 in 2023.

These are some particulars: 3723 34th Street, Lubbock, Texas

Sealed Bid Deadline:  July 23, 2024

Current Annual Rent:      $18,293.64

Burton Blinick, Licensed Texas 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.