Cohen Asset Management Acquires Industrial Building In Gilbert AZ For $8.7 Million

Cohen Asset Management purchased an industrial building located at 779 North Colorado Street in Gilbert, AZ. The property spans 48,823 square feet and was sold for $8.7 million, equating to a price per square foot of $178.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $8,700,000
• Sale Date: 12/20/2024
• Buyer: Cohen Asset Management
• Seller: De Pietro Holdings
• Brokers: Foster Bundy, Phil Haenel, Will Strong & Katie Repine - Cushman & Wakefield
• Market: Gilbert, AZ
• Square Footage: 48,823
• Price Per Square Foot: $178

This transaction was facilitated by the brokerage team at Cushman & Wakefield, representing both Cohen Asset Management and De Pietro Holdings in the sale of the property, which is occupied by Rigid Industries LED Lighting.