Buy, or Trade. Seller is willing to be the bank and carry the loan to a qualified buyer or take a trade as a down payment and carry the loan.
You are going to be kicking yourself forever for not checking out the 15+/- acres at the intersection of Community Drive and Lenwood Road just a sneeze away from the front entrance of the BNSF Railroad New Train Yard which is planned to be the largest train yard not in America, but the largest train yard in the world. Does it get any better? Heck yeah it sure does, because this property comes along with cash, check and Zelle income, and once a month you will have to go up there to pick up a net of $8,000 + actual not make-believe pro-forma but real numbers of dollars as it is running now with growth for upside due to just a few empty spaces. Run it wrong and you get less. Income & Expense Statements Attached.
Just a long street down on Lenwood road is a freeway entrance, so this would be a great Truck Stop think of all the trucks that would pass by between the main entrance of the BNSF railyard, and the freeway entrance on Lenwood Road. This whole area infrastructure has already been built out for this growth, and this strategic corner on Lenwood feeds into several freeways within a few miles. Located at a strategic geographic choke point for the railroads, within a few miles' radius of 5 major roads. Easily accessible from Hwy 58 or the 15 Fwy or Historic Route 66 or the 40 Fwy or Hwy 247.
This property is located just a few miles outside of Barstow and is in unincorporated San Bernardino County. It is per the tax rolls in the Barstow school District and is hooked up to the City of Barstow for water.
Now let’s talk terms, the seller owns this property free and clear and with an acceptable down payment the seller is willing to be the bank and carry a loan for a qualified buyer. The seller is also willing to trade for a home or other property. His first choice is a home in Orange County, preferably in the Huntington Beach, Cypress, Seal Beach area, but I am obligated to present any property for trade. So, what do you have to trade?
Let’s talk about infrastructure. The seller installed a brand new $800,000 electrical system and as well another $500,000 on new natural gas lines to the pads, and $550,000 to hook up to the City of Barstow’s water supply. That’s $1,850,000 in improvements that come with the 15+/- acre parcel zoned Commercial and Industrial. The park is currently licensed as a Mobile Home Park, licensed by the State of California HCD Department, as well as use of the PERMITTED well for unlimited well water. You save about $200+/- a month using the well rather than City water, but using the well is more labor intensive and takes up more time. Coming in from the street the electric, gas, and water systems have all been improved and upgraded to this site
To dive deeper into the improvements and new components of the infrastructure. On the electrical system all new 100 AMP pedestals and all new underground electrical lines were installed to each of the 26 pads, as well as installing a new subpanel to service the laundry building. On the two single family homes, there are brand new panels for the electrical system. The washer and dryer in the laundry room are owned by a rental company. There are no other leased items, and no items that have liens. On the gas system, like the electrical system, all new underground lines were installed for the natural gas systems running to each of the 26 pads. Each pad has brand new gas and electrical meters, so the tenant pays for the natural gas, and the tenant pays for the electricity. The water is on a brand-new master meter, so the park pays for the water from the City of Barstow’s supply via Golden State Water. The Permitted Park Water Well for unlimited water has also been entirely rebuilt, and feeds into a hi-output pressure tank that holds 1,500 gallons. As a result, you have unlimited well water, and the City of Barstow water, with a brand-new water meter, which is a tremendous benefit. The park operates on Septic, so you don’t get hit with a sewage fee.
Now, let’s look at the lay of the land, and how the park is set up. The park is throwing off about $8,000+ a month after expenses. There are 26 pads, and you can install double-wide or tiny homes or modular or manufactured homes. There are two older fixer single-family homes rented below market because they need to be rehabbed. You can most likely double maybe even on one home triple the rent so there is tremendous upside. One of the houses is a 3-bedroom 2 bath fixer that is 1,200+/- sf The other house is just a 1 bedroom that is 800+/- sf, and also a fixer The other building is a building used for the laundry room but has a lot of other rooms which are empty or used for storage and a room with what looks like it is a shower
Looking at the potential uses for this parcel zoned industrial and commercial which allows the mobile home park, tis property being so close to the freeway entrance, and so close to the main entrance to the cargo train yard robotic operated cargo yard can be used subject to governmental approval for a truck stop gas station, a self-storage facility, housing, adding more pads, a mini home development, stick built homes on those 26 existing pads, modular homes, manufactured homes, as these are 26 homesites, or more.
Due to excessive smog and pollution from trucks sitting in downtown traffic in Los Angeles where the current railroad cargo is handled, and there are problems, the cargo containers, vehicles will be off loaded off the cargo ships, put on trains which travel from the ports underground along Alameda street and eventually come out of that tunnel and be off loaded by the most modern AI and robotics, and rerouted north, and south and east from Barstow. Any cargo unloaded in Barstow for Southern California will be delivered from Barstow. This is going to be the largest and most modern train cargo transfer station in the world. You are only a sneeze from its front door.