Simone Charitable Foundation Acquires Industrial Facility In Gilbert From Atlas For $26.8M

On November 13, 2025, a 60,500-square-foot logistics facility was sold at 3797 Silverado Court in Gilbert, AZ. The sale price for the industrial asset was $26.8 million, resulting in a price per square foot of $443.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $26,800,000
• Buyer: Simone Charitable Foundation
• Seller: Atlas
• Brokers: Brian Ackerman - Colliers, Will Strong - Cushman & Wakefield
• Square Footage: 60,500
• Market: Gilbert, AZ
• NOTE: The property serves as a regional distribution center for Frito-Lay, features a 161-foot building depth, a 130-foot truck court, and over 2 acres of secured concrete yard.

The Simone Charitable Foundation's acquisition was facilitated through the expertise of Brian Ackerman from Colliers and Will Strong from Cushman & Wakefield, who represented the respective parties involved in the transaction.