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10/06/25
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A 17-acre, prime commercial land in Queen Creek, AZ sold for a little over $14 mil. The property, located at SR-24 and Meridian–Pecos Rd, offers premier frontage along both the freeway and Meridian Rd, providing exceptional visibility and access.
The property is positioned within a thriving commercial corridor anchored by major national and regional users including Circle K, which is currently under escrow for the hard corner. The site is improved with utilities, curbs, and gutters already in place and ready for development if the new owners choose to proceed in this direction.
Rommie Mojahed and Lindsey Dulle with CRE8 Advisors represented both the 1031 exchange buyer, Horne 1200 LLC, and the seller, Meridian 17 LLC, in the transaction. The new owners are prominent auto dealers in the valley.
The property is surrounded by some of the East Valley’s most dynamic growth, located near Eastmark—the heart and hub of the region—as well as thriving residential communities such as D.R. Horton and Superstition Vistas. This strong residential base creates a built-in customer pool and adds to the area’s appeal for future commercial development.
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