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  5. ›RFP for the Lease of Classroom Space at Evans Elementary…

Evesham Township School District·New Jersey

RFP for the Lease of Classroom Space at Evans Elementary School

Closes 5/14/2026$5M – $20MInvitation for Bid
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Description

The Evesham Township School District is offering a competitive lease of the former Florence V. Evans Elementary School facility—including the building, athletic fields, and parking—for use as a private day school that serves children with autism and related developmental disabilities. The lease is a full‑service arrangement for an initial five‑year term with one optional five‑year renewal, and the successful lessee must meet New Jersey Department of Education approval, provide extensive insurance (including sexual‑abuse endorsements), post a 10 % bid guarantee, and furnish a performance bond upon award. The solicitation is open to any qualified entity that can satisfy corporate disclosure, NJ business registration, insurance, bonding, and program‑specific requirements.

Attached files

Contact

Jonathan Yates(School Business Administrator)

(856) 983-1800

Key dates

Opened
5/5/2026
Closes
5/14/2026
Duration
5 years

Last updated

Details

Type
Invitation for Bid
Industry
Education
NAICS
611110

Budget estimate

$5,000,000 – $20,000,000

No rent figure is disclosed, but comparable school‑facility leases in New Jersey typically range from $12 to $20 per square foot per year. Assuming a usable area of roughly 66,000 sq ft, annual rent could be $0.8 M–$1.3 M, resulting in a 5‑year total of $4 M–$6.5 M. The lessee (a private school) would generate revenue from tuition; with an estimated capacity of 150–250 students at $15,000 per student annually, tuition revenue could be $2.25 M–$3.75 M per year, or $11 M–$19 M over five years. Therefore, the client’s potential earnings (as the school operator) likely fall between $5 M and $20 M over the contract term, depending on enrollment and rent negotiations.

AI estimate from the solicitation

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