ISANA Achernar Academy District Awards Facilities Contract to 2911 San Fernando Rd Llc (June 2025)

$150,000 per month with annual increases; $450,000 rent credit; $300,000 early termination fee

FACILITIES

Initial term 3 years (6/16/2025 – 6/30/2028) with three 5‑year extension options

2028-06-30

Initial 3-year term from 6/16/2025 to 6/30/2028 with three optional 5-year extensions aligned to Octavia’s charter renewal cycles. ISANA may terminate early under specified charter and zoning contingencies without fee, or with a $300,000 early termination fee under other conditions. If the owner sells, ISANA has an option to purchase and any buyer takes subject to the lease.

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