Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of a Vertical Bridge owned tower site easement
Cell At Auction LLC is pleased to offer the opportunity to acquire a 50-year easement of a Vertical Bridge owned tower site easement. The lease was originally entered into in March,1996 with Primeco, LP, who became US Cellular whose Chicagoland tower portfolio was purchased by Vertical Bridge in 2015. An amendment was signed in 2005. The annual rent increased to $12,960 with 4% annual increases. The term extension was modified for up to three (3), Five (5) year automatic renewal periods. The landlord entered into a site lease with VoiceStream (now T-Mobile) in 2001. The initial rent was $1,000 annually with 4% increases per each renewal term. The initial term was for 5 years and there are five (5) additional five -year renewal terms. There is no ROFR (right of first refusal).