160 acres generating wind turbine income, with more than 10 years of historical payments that have been much greater than the minimum annual guarantee of $40,000. Lease was recently extended until 2059 with a 20% increase in production rate beginning January 2025. Annual production rate to increase 1% annually beginning January 2028. Located in the hills between Rosamond and Tehachapi, these parcels, which include two APN numbers of 80 acres each, add to the value of the steady income. Appraisals are in at a much greater value than the list price. Serious buyers will be furnished lease information, royalty reports and payment history. APN numbers are 476-051-06 and 476-051-07
Mls | 24008709 |
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Listing Type | For Lease |
Status | Active |
Year | 0 |
Days On Site | 14 |
Listing Provided By | Berkshire Hathaway HomeServices Troth, REALTORS | Joy Colovin |
Acreage | 160.00 |
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State | CA |
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County | Kern |
City | Rosamond |
Zip Code | 93560 |
Area | 16 Rosamond to Backus |
Listing VS Median (in 93560) | |
Price: $450,000 low | high Med: $99,750 On Site: 14 low | high Med: 54.500000 |