2905 11th Ave - Schools FOR SALE


Sacramento, CA 95817- Curtis Park
$13,355,000 USD
415-413-3005
2905 11th Ave, Sacramento, CA for Sale
$13,355,000 USD
Schools - FOR SALE
1/5
null | 5.5% Cap Rate

2905 11th Ave
Sacramento, CA 95817
Curtis Park


HIGHLIGHTS

  • Leased to Merryhill School, part of Spring Education Group, the largest private school operator in the U.S.
  • Merryhill School has operated their elementary and middle school just two miles away for more than 20 years
  • National operator with a portfolio of more than 200 schools, offering institutional-level credit quality.
  • Consistent occupancy and enrollment levels support long-term operational viability.
  • Located just south of Downtown Sacramento (metro population of 2,269,000), & centrally located within the most prominent and desirable neighborhoods.
  • Early childhood education is a critical, non-discretionary service, maintaining demand through economic cycles.

OVERVIEW

The YAFC Team is pleased to exclusively present the opportunity to acquire a single-tenant net-leased Merryhill School, located at 2905 11th Avenue in Sacramento, California. This newly built early childhood education facility is operated and guaranteed by Spring Education Group, the nation’s largest and most established private school operator, and offers investors a stable, recession-resistant asset with long-term income and growth. Merryhill School has been established within the community for more than 20 years at their nearby campus hosting elementary through high school, underscoring its strong performance and deep roots in the community. The property is strategically positioned within one of the most desirable neighborhoods of Sacramento, Curtis Park and in proximity to Land Park, Hollywood Park and East Sacramento. The surrounding neighborhoods have seen significant reinvestment and revitalization, attracting young professionals and families who value quality early education options with limited options given the infill location. This location is designed to focus on early childhood education from infants up to Pre-Kindergarten. The lease features a long-term net structure with built-in annual rent increases on a 20-year NNN Lease. The operator, Spring Education Group, the largest private school operator in the country, oversees a national portfolio of more than 200 schools, reinforcing the institutional quality of the tenant and the long-term viability of the site. The property was completely remodeled with significant capital invested to accommodate the school’s specific design

FOR SALE DETAILS

PRICE

$13,355,000 USD

PRICE/SF

$885 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Merryhill School

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

R-1 and C-2

APN/PARCEL ID

013-0383-010,013-0386-005,013-0386-006

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.