Maher Commercial Realty announces the successful negotiation of two lease renewals at 10221 South Compton Avenue in Los Angeles, representing the landlord in both transactions. Oron Maher, Broker Director at Maher Commercial Realty, led the negotiations.
The firm originally sold the asset to the current ownership group, AMAAD Building LLC, in a Q4 2025 transaction, and has remained closely involved with the property since, working to stabilize occupancy and protect its income stream.
JP Morgan Chase Renewal
The Chase renewal covers 3,459 square feet and locks in five years of term, with two additional five-year options, giving ownership predictable institutional income and a clear runway heading into the next decade.
Alta Vista Innovation High School Renewal
The second renewal involves Alta Vista Innovation High School, a 3,400 square foot charter school tenant operated by Western Educational Corporation. The tenant signed an extension through September 2031, with two additional five-year options at fair market rent.
As part of the renewal, Maher Commercial Realty converted the lease to a modified gross structure with a base year, under which the tenant now pays its proportionate share of expense increases above that base year.
“The original lease was full gross. Every dollar of operating expense growth came out of the landlord’s pocket. We converted it to a modified gross structure with a base year. The tenant now pays its proportionate share of expense increases above that base year. That single change moves the NOI line up every year for the next decade and lifts the building’s value materially. Renewals are not paperwork. They are the highest leverage moment to recapitalize the rent roll without selling the asset.”
Maher Commercial is hired for lease renewals, rent reset negotiations, and sale leaseback structures across all five firm verticals: multifamily, gas stations and car washes, retail, NNN net lease, and land.
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