1215 Dielman Industrial Drive, Olivette, MO
Industrial
31,352 square ft.
Project Overview
Strong connections with our skilled partners in design and construction allowed Bamboo Equity Partners™ to adopt a fresh and inventive strategy in enhancing this property. This involved incorporating imaginative interior upgrades and creating an attractive exterior, resulting in a visually appealing overall appearance.
CAPITAL IMPROVEMENTS
- All areas transformed into blank canvases
- New LED lighting fixtures
- Exterior paint and landscape enhancements
- Parking lot resurfacing
- Aesthetic tenant improvements
THE CHALLENGE
While evaluating undervalued properties in the Olivette submarket, Bamboo Equity Partners™ discovered this neglected property that had been disregarded by other investors. At the time of acquisition, occupancy was disappointingly low at 48.4%, despite being situated in a thriving office environment.
The outdated appearance deterred many potential occupants. Bamboo’s ambitious approach allowed for the recognition of the property’s upside near the Biotech belt with an emphasis on innovation and prime location capitalization. Bamboo was able to double occupancy through capital improvements and a sophisticated management strategy.
48.4%
Occupancy at Acquisition
100%
Occupancy at Disposition
Solution
Bringing New Life To The Property
Aiming to leverage the office’s favorable location and implementing imaginative redevelopment strategies, Bamboo Equity Partner's™ goal was to deliver a property promoting vitality and partnership, ultimately rewarding our investors. Through our strategic capital improvements, we successfully increased the property’s value by over 100% and achieved full occupancy.
