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Wind Generation Potential

$60,000
55th St W & Real Street, Mojave, CA
Status: Active
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Property Type
Acreage
Acreage
10 acres
County
Kern, CA
Format
Sale
Features
Electricity
List Date
Dec 18, 2024
Documents
N/A
Description
This is one of two adjacent 10-acre parcels that are located within an operating Berkshire Hathaway Wind Farm. The property was previously leased by the wind farm developer but failed to obtain a royalty generating wind turbine when an adjacent land owner refused to participate. That issue is being resolved and a wind turbine that would generate royalty payments has now become feasible. The owners do not have time to wait and would prefer to sell now. For an idea of the upside, a similar 20 acres with two wind turbines is up for sale for $1.5 million at a 4% cap rate.
Listing Agent
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Ron Halcrow
Co-Op Member Owner
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