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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
24345230
24345231

Olancha, CA 93549, Olancha, CA 93549

MH
CA CA 01904653
Diamond Realty Group
Listed by Diamond Realty Group
$6,000,000
1470 days on market
Updated 94 days ago

Olancha Solar Farm

Details
APN 033-060-14
Property Type Land
Sub Type Commercial
Broker Co-Op Yes
Acreage 640.000
Zoning Private Preserve, Open Space-Vacant Land

Vacant Land

Marketing description

APN # 033-060-14 is a 640-acre parcel of land located in Olancha, California, 93549. The property is subject to Bureau of Land Management (BLM) restrictions, but it has been identified as suitable for solar energy development and recreational use. Additionally, the property has been assessed for the presence of silica sand, adding potential value to the land. A proforma was completed for the property in 2019, providing an analysis of its potential financial performance and development opportunities. As of the most recent information available, there is an executed option lease agreement in place for the property, with a total lease sum of $23,997,349.26 over 39 years. Given its size and the opportunities for solar energy development, recreational use, and potential value from silica sand, this property presents a significant investment and development opportunity. Please note that specific details regarding the proforma and lease agreement would need to be obtained from the relevant parties or documentation associated with the property.

Investment highlights

APN # 033-060-14 is a 640-acre parcel of land located in Olancha, California, 93549. The property is subject to Bureau of Land Management (BLM) restrictions, but it has been identified as suitable for solar energy development and recreational use. Additionally, the property has been assessed for the presence of silica sand, adding potential value to the land. A proforma was completed for the property in 2019, providing an analysis of its potential financial performance and development opportunities. As of the most recent information available, there is an executed option lease agreement in place for the property, with a total lease sum of $23,997,349.26 over 39 years. Given its size and the opportunities for solar energy development, recreational use, and potential value from silica sand, this property presents a significant investment and development opportunity. Please note that specific details regarding the proforma and lease agreement would need to be obtained from the relevant parties or documentation associated with the property.

Listing Contacts

MH
CA CA 01904653
Diamond Realty Group
Listed by Diamond Realty Group

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Additional Information

Name
Miguel A. Hernandez
License
CA 01904653
Brokerage Address
4550 California Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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