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Point Quest Education, El Dorado Hills, CA

Point Quest Education

El Dorado Hills, CA

Price $6,429,000
Cap Rate 7.00%
NOI $450,000
Lease Term 10 Years
Lease Type Net, With Tenant Responsible For All Taxes, Insurance, and Maintenance, Excluding Roof, Structure, And Parking Lot
Rental Increases 3% Annual Rental Increases
Year Built 1998
Building Size 24,336 SF
Lot Size 4.00 Acres (174,240 SF)
Status Available
Lead Broker Information Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Kris Kalmbach
Managing Director
916.288.4421
kris.kalmbach@cushwake.com
CA RE License #01436668

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

10-YEAR NNN LEASE WITH ANNUAL RENT INCREASES
» 10-year net lease to a single tenant
» Acquired by private equity firm Avesi Partners in 2022 ($875 million of equity capital)
» Rare annual rental increases, providing a hedge against inflation
» Tenant operates three successful schools throughout Northern California

HIGH-TRAFFIC LOCATION NEAR LARGE RETAILERS AND EMPLOYERS
» Excellent location with access to 42,487 vehicles per day on White Rock Road and Latrobe Road
» Nearby access to U.S. 50/El Dorado Freeway (100,000 AADT)
» Surrounded by major national retailers such as Costco Wholesale, Sam’s Club, Target, Nugget Markets, Whole Foods Market, CVS, Staples, In-n-Out, and numerous others
» Proximity to large area employers including Intel (5,992 employees), California ISO (639 employees), Micron Technology, Inc (372 employees), and Mercy Hospital of Folsom (106 beds, 732 employees)
» Close to many single family homes and large apartment complexes including Sherwood at Iron Point Apartments (336 units), and Lesarra Luxury Apartments (105 units)
» El Dorado County projects an average of 553 new housing units per year

AFFLUENT COMMUNITY WITH HIGH DEMAND FOR CHILDCARE AND EARLY EDUCATION
» Located within El Dorado Union High School District (6,861 students)
» Walking distance from Golden Hills School (134 students), Clarksville Charter School (871 students), and The Cottonwood School (2,372 students)
» Near a large concentration of comprehensive medical facilities and educational institutions, providing a strong customer base
» Less than 30 minutes from Folsom Lake College (13,096 students) and California State University-Sacramento (31,588 students)
» Affluent community with an average household income of $198,304 within three miles and exceeding $173,00 within a one and five-mile radius, significantly higher than national averages
» 97,191 residents within a five-mile radius (26% growth since 2010)

PRIME LOCATION IN GREATER SACRAMENTO
» El Dorado County has a labor force of 92,000 and employs 17,295 people
» Prime location with beneficial proximity to Sacramento Mather Airport, Sacramento International Airport, and Sacramento McClellan Airport
» Gateway to Sacramento (524,943 people), the state capital and sixth-largest city in California and the cultural and economic core of the Greater Sacramento area
» Convenient location within Sacramento MSA (over 2.4 million people), the fourth-largest metropolitan region in California


Property Description

Point Quest Education is located on Windplay Drive with excellent visibility and access to 42,487 vehicles per day on White Rock Road and Latrobe Road. The site provides nearby access to U.S. 50/El Dorado Freeway (100,000 AADT). The location is surrounded by major national retailers such as Costco Wholesale, Sam’s Club, Target, Whole Foods Market, Staples, In-n-Out, and numerous others. The property is near a large concentration of comprehensive medical facilities and many educational institutions, providing a strong customer base. The location is within the El Dorado Union High School District (6,861 students). Golden Hills School (134 students), Clarksville Charter School (871 students), and The Cottonwood School (2,372 students) are less than a mile from the property. Furthermore, the property is less than 30 minutes from Folsom Lake College (13,096 students) and California State University – Sacramento (31,588 students). The site maintains proximity to large area employers including Intel (5,992 employees), California ISO (639 employees), Micron Technology, Inc (372 employees), and Mercy Hospital of Folsom (106 beds, 732 employees).

The location maintains beneficial proximity to Sacramento Mather Airport, Sacramento International Airport, and Sacramento McClellan Airport. The property is situated in an affluent community. The average annual household income is $198,304 within three miles and exceeds $173,00 within a one and five-mile radius, significantly higher than national averages. 97,191 residents live within a five-mile radius, a 26 percent growth since 2010 with projections to grow two percent by 2027. The site is close to many single-family homes and large apartment complexes including Sherwood at Iron Point Apartments (336 units) and Lesarra Luxury Apartments (105 units). El Dorado County projects an average of 553 new housing units per year in the next few years. El Dorado County has a labor force of 92,000 and employs 17,295 people. The location is a gateway to Sacramento (524,943 people), the state capital and sixth-largest city in California, and the cultural and economic core of the Greater Sacramento area. El Dorado Hills is well-positioned within the Sacramento MSA (over 2.4 million people), the fourth-largest metropolitan region in California.

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