Exceptional So Cal INCOME Property! Currently Leased and Making $$$!

Description

Up for sale is a fantastic piece of property that will literally put money in your pocket! (No kidding!)
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**Bottom line up front: this is a really excellent piece of property that is accessible and that you don't have to worry about taking care of, as the wind project is responsible for maintenance of the property.
**It's 2 1/2 acres in an area where bare 1/4 acre desert parcels are being offered for 00+ (just search here on eBay!)
**It's ideal property for being outside, enjoying the outdoors, and it's part of a 4,950 acre fenced and maintained wind power project.
**ON TOP OF ALL THAT, it is currently under lease and the buyer receives annual lease payments from the company, as approximately 1/3 of the site's substation resides on the property.
**Given California's dedication to clean energy, this property will provide continued lease payments for the foreseeable future!
**No, the lease payments won't make you rich (and it will take about ~50 years of lease payments - if they were to stay the same as they are now - to pay off the property completely), but it's better than owning a piece of property you can't access (which is a lot of the desert) and that only costs you money!
***Please note that the buyer will be responsible for an additional 0 title transfer fee in addition to the buy-it-now price. Thank you!
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This property, APN 476-130-15 in the city of Rosamond, Kern County, California, is 2.5 acres, and approximately 1/3 of it is under the substation for the Avangrid Renewables Manzana Wind Project! What does that mean? That means that the property is currently leased and will continue to be leased for the indefinite future. The wind resource in the area is fantastic due to the topography and this wind project will undoubtedly be around for many decades, if not longer, particularly with California's push to be zero-emission and 100% renewable energy. All of the power generated by the wind project goes through the substation and this piece of property makes up approximately 1/3 of the area of the substation. That means that in all likelihood (I do not have inside information) the lease will be renewed (it would cost millions to move the substation and there's no interest in doing so) and so, the property will pay you every year for the rest of your life. How often can you buy a piece of property where it pays you back in cash? (Okay, you get a check from the company every year...they don't pay in cash...but you get what I mean!)
Not only does the property put money in your pocket, but as a landowner on the wind project, you are able to know that the area is secure, as the project is surrounded by gates and fences (see photos) - and as a landowner, you have full access!
This property is a great base camp for all sorts of outdoor activities, ranging from camping to hunting, exploring, using off highway vehicles like dirtbikes and such, or just relaxing. It's close (approximately 1 mile) to the Pacific Crest Trail, and the land of the wind project ranges from the desert floor all the way up into the mountains. As a bona-fide landowner, you have access to the wind project roads and can travel freely within the site. There's a (approximate) 1 mile improved gravel road that leads to the area of the property (the last few hundred feet is over dirt) and the road (170th Ave) getting to the gravel road is paved. The property itself is approximately 30 minutes from the city of Rosamond and Willow Springs and an hour from the Lancaster/Palmdale area. It is accessed either by Highway 138 or by Rosamond Blvd.
This isn't one of those pieces of land that's out in the middle of nowhere that no one cares about, has no access, and is open to whomever wants to "drop by". This property isn't in the vast miles of vacant desert that make up much of Boron, Edwards, Mojave, and California City that people want to sell you and have you believe is "valuable" land (you can search on here for what I mean). Most of that land is not even accessible, being surrounded by other people's property. In contrast, this is a piece of land that is currently leased, is making money, is SAFE, it's part of a 4,950 acre fenced compound, and is easily accessible to you as a landowner in the project.
Please see the photos in the listing. The green arrow points to the location of the property. The aerial and ground photos (not the google earth ones) were taken by me in 2014, 2016, and during a helicopter survey of the area in 2015.
I am not a land dealer; this is my personal property. All taxes have been paid, and the deed is free and clear. I just (9/28) paid the 2021 taxes and they were .19 in total. There are no "gotchas" or caveats to the property sale. Aside from property taxes, there are no other expenses to pay on or for the property, aside from what taxes you are required by the state/federal government on the lease payments, based on your tax bracket and deductions. I will accept payment for the property by means of bank check or wired funds.  Buyer to pay 0 for paperwork title and deed transfer IN ADDITION to the buy it now price. I am located in Virginia and will hire a company to conduct the title transfer. I will also assist the buyer with the lease transfer from Avangrid Renewables.
Please note that I cannot warranty or guarantee the future status of the lease as I do not work for Avangrid Renewables and have no inside information. That said, the current lease is set for renewal and renegotiation in the next decade and given the investment that the company has made in this project recently, it is showing no signs of stopping production at any point in the foreseeable future (see the attached scan of "Landowner News" where it discusses "repowering" wind projects and the economic benefits gained by maintaining the known good-producing wind projects, like this one).
Keep in mind that this property is literally at the heart of the project: the owner of this property owns 1/3 of the substation where ALL of the electricity produced by the project leaves the project and goes onto the grid, including the property where the first transmission line pole is located. This isn't some "random" piece of property...without the equipment on this property, the project could not send the produced electricity onto the grid, and they would cease to operate.
Remember, the state of California is pushing to be 60% renewable energy by 2030 and 100% clean energy by 2045. This wind project isn't going anywhere and this exact piece of property is vital for putting this project's renewable electricity onto the grid. And you can be the proud owner of it, something you can pass down to your heirs as part of your ownership portfolio. Now that's an investment property!
I've been asked some great questions, so I'll answer some of them here.
1. Question: Are there additional expenses involved in owning this property, aside from property taxes? Answer: No. The only expenses are property taxes (.19 in 2021). The wind project maintains the land, access roads, etc., that is all part of their project and not something you have to pay for.
2. Question: What happens when the lease expires? Answer: The company will establish/renegotiate a new contract with the current owner (most likely; again, I don't have inside information, but given California's reliance on renewables, this project will be around for a long while). The property has been under lease since 2007.
3. Question: If the company doesn't renegotiate the contract, what do I do with the stuff on the property that belongs to them? Answer: Nothing. They are responsible for removing everything and restoring the property to its original state. Once again though, I don't know of ANY wind project in California where this has taken place, even with the old wind projects.
4. Question: I'm not going to be able to buy a new Ferrari with the lease payments on this property. Why should I consider buying it as an investment? Answer: Compare this property to a dividend stock. Say, Caterpillar Inc. You buy a share of Caterpillar stock for 0 and they pay you .44 per year in dividends. Are you going to get wealthy off .44 a year? No. But, the value of the stock goes up and that's how you make a profit, in addition to the dividends you make. The stock itself has value; the dividend is nice, but the biggest value is in the value of the stock. So in short, you buy the stock because it pays you while you own it. If you ever need to sell it, the money you receive comes from the sale of the stock. The same goes for this property: while the lease payments are nice, the property is actually a really valuable piece of property, even if it wasn't leased, and has actual value. You're not just buying the lease payments, but a piece of real property that will go up in value that also comes with lease payments (or you can think of them as "dividends").
5. Question: Can I have a copy of the lease? Answer: No, as there's a confidentiality clause. However, a copy of the lease will be provided to the buyer (of course) and any direct questions can be asked about the property. Anything I'm unsure about, you can ask directly to the company's landowner relations office (contact info in the Landowner publication).
6. Question: Why are you selling the property? Answer: I want the money.
7. Question: Why doesn't the leasing company buy the property? Answer: They have 70+ wind and solar projects throughout the United States. In some areas, land is upward of ,000-,000 an acre (especially in good farmland) and it takes anywhere from 200 to 5000 acres to build one of these projects. So, it's cheaper for them to lease the land rather than buy it all (and most land owners won't sell...but they will lease. That's why finding already-leased property for sale is exceptionally rare.)
8. Question: What have other properties in the area sold for? Answer: I worked on the site for four years. I knew of zero properties with leases that sold during that time period (or since). This is the only one that I am aware of that has been offered with a lease. So the value is up to the buyer's discretion on what they want to pay. I will say that non-leased property in the vicinity (not on the wind project) typically sells for 00-00 per acre, depending on location and accessibility. Feel free to search Kern County properties for sale here on eBay. People are asking 00+ for inaccessible 1/4 acre properties. Why buy one of those when you could buy one that's 10x larger, is protected, accessible, and puts money in your pocket?
Thanks for looking, and good luck!