Books Folder location hack
The iCloud Books folder is hidden from view in Finder, but you can make a local link to it visible.
Open a Terminal shell and enter the following lines (substitute your user name for*username*)
cd
cd Documents
ln -s "/Users/username/Library/Mobile Documents/iCloud~com~apple~iBooks/Documents" Books
In finder, you should now see an icon for Books. Double clicking it will show you the contents. Note, that if you do not have any currently downloaded books, it will be empty.
I was able to place several .epub books there and they show up in Books on both my iMac and iPad.
iMac 24″, macOS 14.6