Investment Property

Description

Solar Farm Properties. This 205 acre parcel is located in Clay County, Indiana. It is split into two separate solar farms. One is south of Brazil, one just east of Brazil, IN 47834. Asking price $1,850,000.00 for both properties together.

Property 1 located in Staunton
168 acres total.
45 acres of solar farm. Income from the lease of solar is $45,000.00 annually. Payments on solar lease are bi-annual.
40 years remaining on lease of solar farm.
80 acres of tillable farmed on shares. Average income for this is $17,000.00 annually.
10 acres of timber
Remaining acreage is part of a lake and grasslands. Fishing is excellent.
Income for the next 40 years: $1,800,000.00 solar + $680,000.00 = $2,480,000.00

Property 2 located in Brazil just northwest of the high school.
40 acres total
40 acre solar farm. Income from the lease of solar is $33,000.00 annually. Payments on solar lease are bi-annual
35 years remaining on the lease.
Income for the next 35 years = 1,155,000.00 solar

Total for both farms = $3,635,000.00.

The Lessee pays the property taxes on the ground they lease. $6,000.00
Property owner pays the property taxes on the remaining ground. Cost is $26.00 per acre.

For more information, contact Caleb Emrick at 812.605.3163 or Todd Harrison at 812.229.1189.