Rancho Solano Preparatory School
SCOTTSDALE | ARIZONA
ABOUT THE ASSET
Caliber is currently negotiating the acquisition of Rancho Solano Preparatory School in a Scottsdale, Arizona. Rancho Solano is a private school for high-achieving students offering personalized education and college preparatory experience. With a projected closing window of early 2021, Caliber plans to upgrade the current location by constructing a new 26,646 square-foot school for children grades K-8th. Rancho Solano will lease the space from Caliber for a period of 20 years with a 10-year option and may purchase the building upon receipt of the certificate of occupancy and again after the first, second and third years. Caliber projects a cash flow return of 13%-17% upon sale of this federally designated opportunity zone property.