Real estate

Queen Creek retail building sells for $1.8 million


Aaron's, a 7,101-square-foot net-leased property located in Queen Creek has been sold for $1.81 million. Aaron’s is a rent-to-own furniture retailer.

The sale was handled by Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services,

Aaron's is at 21259 E. Ocotillo Road. Built in 2014 on 1.23 acres, this property is surrounded by major retailers such as Walmart, Target, PetSmart, Dollar Tree and Sprouts Farmers Market.

Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

The buyer, an individual/personal trust, was also procured by Mr. Ruble and Mr. Lind. Josh Sciotto with Marcus & Millichap Capital Corporation provided the financing in this transaction.