Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of Sprint site lease located on a village owned water tower
Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of Sprint site lease located on a village owned water tower. The lease was originally entered on March 6, 2003 with Nextel West Corp. The tower is located at Emerald Avenue and 137th Street, Riverdale, IL The lease initial term was for five (5) years and there are five (5) successive five (5) year renewal terms. The initial rent was $1,500 per month and there was a rent increase in September 2009. The annual rent increases are 3%. There is no ROFR (right of first refusal). Riverdale is a Village in Cook County, Illinois, United States
Sealed Bid Deadline: April 19, 2018: Current Annual Rent: $35,838.12: Published Reserve: $440,000: Location: 137th Street and Emerald Ave., Riverdale, IL: Burton Blinick, Licensed Illinois Real Estate Managing Broker and Auctioneer