45 Industrial Highway, Essington, PA, USA

Cell At Auction LLC is pleased to offer the opportunity to acquire Verizon and T-Mobile Site Lease easements in Essington, PA. This Quality Inn is located 10 minutes’ drive from the Philadelphia International Airport at the Interchange of I-95 and Wanamaker Ave.
The original Verizon site lease agreement was entered into in January 2008 at $19,300 per year for five years with 3% annual increases. There were an additional four (5) year renewal extensions. A second amendment was signed on May 6, 2024 replacing the original number of extension renewals from four to eight. Per this second addendum the final renewal term will start on January 1, 2041. The current rent is $2,931.22. Effective Jan. 1, 2026 the rent will be $3,000 per month with 3% annual increases.
The original T-Mobile site lease agreement was entered into in 2001 at $1,700 per month for five years with an additional four (5) year renewal extensions. The current rent is $3,355.10. No additional renewal extensions or addendums have been executed.
There are no Rights of First Refusal.
These are some particulars:
The Property address is: 45 Industrial Highway, Essington, PA, USA
Sealed Bid Deadline: May 15, 2025
Current Annual Rent: As of May, 2025 $75,435.84
Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer in Cooperation with Gordon J. Greene. PA R.E. Broker SB06560 PA Auctioneer AU003317E