CBRE Announces Fairmont Private Schools Purchases Saddleback Valley Christian School in South Orange County for $22.75 Million

20 May 2020

Saddleback Valley Christian School

Fairmont Private Schools adds fifth Orange County campus

Orange County – CBRE announced the sale of a private school campus in San Juan Capistrano, Calif. to Fairmont Private Schools, an Orange County-based private institution, for $22.75 million.

CBRE’s Rick Sherburne represented the buyer in the transaction. The seller, Saddleback Valley Christian, was represented by an outside firm. Shaun Moothart of CBRE organized financing for on behalf of the buyer.

Located at 26333 Oso Road, the two-building campus includes over 60 classrooms for pre-kindergarten through 12th grade education. The campus was originally built in 2006 and was expanded in 2010. The transaction included all the seller’s furniture, fixtures and equipment.

The property is located immediately off Oso Road in San Juan Capistrano, approximately one half-mile from the I-5 freeway. Fairmont Private Schools currently has four campuses in Central and North Orange County, with a total of more than 1,800 students.

“For many years, Fairmont Private Schools has wanted to establish a South County Campus based on the strong demographics in the area,” said Sherburne.
Moothart added, “CBRE was also able to negotiate extremely favorable debt terms, which far exceeded Fairmont's expectations.”

Fairmont intends to immediately engage in enrollment for the 2020/2021 school year.

“We are so excited for this opportunity after having searched for an expansion property for quite some time,” said David Jackson, Chairman of the Board at Fairmont. “Despite COVID-19, we believe that with this excess capacity we will be able to accommodate adequate social distancing. We look forward to meeting all the students and parents.”

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.