ISANA Octavia 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 in certain circumstances

FACILITIES

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

2028-06-30

Initial lease term runs from June 16, 2025 through June 30, 2028, with three optional 5-year extensions that align with Octavia’s charter renewal cycle. ISANA may terminate without a fee if key approvals (LAUSD charter revision, release from Prop 39 space, city zoning approval) are not obtained, or terminate with a $300,000 fee if certain adverse events occur such as charter revocation or non-renewal.

Minutes