Co-Working Business Venture | Beach-centric Co-working Office Space

Site Context

Local Collaborative is a beach-centric co-working office space company startup that aims to provide the highest possible quality of spaces in the co-working industry. Beach City Capital is offering the opportunity to invest up to $717,000 in this Project with a five-year Debt Note that has a three-year minimum and can be convertible to Equity after two-year company valuation.

Series A Investor will receive a first position on returns and will receive a 10% preferred annual return for a minimum of a three-year and a maximum of five-year hold.

Using extremely conservative assumptions, the project’s underwriting shows an average cash flow of $125k NOI and a 21% IRR over a ten-year hold. Current market analysis indicates a strong demand for co-working spaces in the South Bay of Los Angeles, and a current lack of supply.

Project Overview

Local Collaborative is excited to present the flagship location and the first of three co-working spaces to be released in 2019. Starting in Hermosa Beach and moving into Redondo and Manhattan Beach, these collaborative office spaces will harness the essence of the South Bay beach community. All locations will be one block from the beach focusing heavily on design, art and technology, with modern furniture and innovative architecture to appeal to all business professionals.

Investment Deal Points
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