• Lot Number: 042324
  • Address: 27763 Volo Village Road, Volo, Illinois.
  • Type of Offering: Sealed Bid Auction of a 50-year site lease American Tower easement
  • Carriers and Leases: T-Mobile, AT&T, Verizon
  • Auction Structure: With Reserve
  • Bidding to Commence At: N/A
  • Earnest Money: N/A
  • Buyer Premium: N/A

27763 Volo Village Road, Volo, Illinois.

Auction Details

Lot Number: #042324

Bidding to Commence At: N/A

Auction Date: April 23, 2024

Auction Time: 2:00 pm CST

UNDER CONTRACT:   Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year American Tower Site Lease easement In Volo, Illinois.    This lease was entered into in 1996 with Smart SMR Of Illinois D/Ba Nextel at an initial rent of $1,000 monthly for five years.  The initial term was five (5) years and there were five (5) additional five year renewal terms. The rent increases were $100 per month upon each five year renewal term.    The current monthly rent is $1,400 and there are no additional renewal options.    The current lease will expire in 2027.    There is NO Right of First Refusal.  There are two carrier tenants, T-Mobile and Verizon attached on this tower.  Offers should be submitted in the form of an executable Letter of Intent.    Volo is a village in Lake CountyIllinois,

These are some particulars: The Property address is: 27763 Volo Village Road, Volo, Illinois.  

Sealed Bid Deadline: April 23, 2024

Current Monthly Rent:      $1,400

Burton Blinick, Licensed Illinois 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.