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Seller's Agent in 2022
Dwain Mullette
Coldwell Banker Frontier
This investment property is leased to a major wind energy company until 2081. The lease can be assigned to a new owner. There are currently seven operating wind turbine generators on the property that produce significant income. The wind turbine generators are excluded from the sale, they are owned by the lessee. There is a minimum guaranteed annual lease income with built in CPI increases or a percentage of the gross income received by the Wind Farm Operator, which ever is more. This is a good long term investment with minimal management and expense's.The State of California has mandated that a certain amount of renewable energy be produced in increments up to one hundred percent by 2045. The property is being sold AS IS WHERE IS,WITH ALL FAULTS.A potential buyer is urged to do their due diligence to determine if the property is suitable for them prior to buying.
Last Agent to Sell the Property
Dwain Mullette
Coldwell Banker Frontier License #00368616 Listed on: 02/23/2021
Last Buyer's Agent
Dwain Mullette
Coldwell Banker Frontier License #00368616 Listed on: 02/23/2021
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/22/2022 07/22/22 | Sold | $225,000 | 0.0% | -- |
06/22/2022 06/22/22 | Pending | -- | -- | -- |
02/23/2021 02/23/21 | For Sale | $225,000 | -- | -- |
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Seller's Agent in 2022
Dwain Mullette
Coldwell Banker Frontier
Source: Tehachapi Area Association of REALTORS®
MLS Number: 9982999