11800 Adie Road
Industrial
29,505 square ft.
Project Overview
Acquired by Bamboo Equity Partners in 2021, this 29,505 square-foot property situated on 2.32 acres at 11800 Adie Road in the Maryland Heights submarket of St. Louis has been a testament to Bamboo’s ability to source off-market projects.
The Challenge
The $4.25 PSF in place rent at acquisition was unattractive to a typical industrial buyer given the term left on the lease and the discount to its peers.
100%
Occupancy at Acquisition
100%
Occupancy at Disposition
Solution
11800 Adie Road
Through the strategic vision and ability to wait out the current lease term, Bamboo was able to capitalize on the dislocation in the market for this particular asset. After a successful 34-month hold, the property was sold in May 2024 to an owner-user, resulting in the investors realizing a 2.13 equity multiple. Adie Road underscores the tangible results of our diligent investment strategy and our ability to identify and capitalize on market dislocation opportunities in commercial real estate.