The ICRE Investment Team of ORION Investment Real Estate today announced that Associate Kennedy Hunsaker has secured a new lease at Queen Creek Professional Village, 21321 E. Ocotillo Road, Building M, Suite 132, in Queen Creek, Arizona. The ±1,450 square foot medical/office condo was brought to market on August 11, 2026 and fully executed on August 28, 2026 – just 17 days from launch to signature.
Within hours of the listing’s release, Hunsaker fielded multiple competing offers from healthcare and professional users, a clear signal of the demand for quality medical space in the Southeast Valley. The suite, a second-generation, move-in-ready build-out featuring six private offices, a large reception and waiting area, a dedicated break room and a private restroom, was marketed at $36.00 per square foot NNN.
“Queen Creek is one of the tightest healthcare markets in the Phoenix MSA, and the growth and demand here are unmatched,” said Michael Douglas, CCIM, Senior Vice President with ORION Investment Real Estate and leader of the ICRE Investment Team. “Kennedy priced it right, launched it with a full marketing package on day one, and had competing offers on the table almost immediately. Seventeen days from listing to a signed lease is an exceptional result in any market.”
Why the suite moved so fast
The speed of the transaction reflects a structural imbalance in the Queen Creek medical office market:
- Well-funded demand. Within five miles of the property, the trade area holds approximately 190,624 residents growing roughly 1.9% per year, with average household income of about $174,150 (over $202,000 within three miles). Physician-services spending indexes at 169 and dental at 149 within three miles, on roughly $671 million in annual healthcare spend.
- Thin supply. The submarket carries only about 15.6 health establishments per 10,000 residents, versus a U.S. norm of 25–30. Quality medical suites in Queen Creek turn over infrequently and lease quickly.
- New Class A product is still years out. Ground-up medical projects such as Terraza Medical Village at Gantzel and Ocotillo Roads in San Tan Valley, also marketed by ORION, will bring much-needed Class A capacity to the corridor, but that space has yet to be delivered. In the meantime, a second-generation, move-in-ready medical condo is a rare find.
“A turnkey medical suite in Queen Creek is a gem right now,” said Hunsaker. “Providers want to be in this community, but they don’t want to wait a year or more for new construction or absorb a full build-out. This space let a practice plant its flag and open its doors quickly, and the market responded exactly the way we expected it to.”
Additional details on the property are available at investingincre.com.
About the ICRE Investment Team
The ICRE Investment Team is a Phoenix-based commercial real estate advisory and brokerage team operating within ORION Investment Real Estate. Led by Michael Douglas, CCIM, the team specializes in medical office, office, retail and investment properties across the Phoenix MSA, combining deep market research with a structured, data-driven approach to leasing, sales and advisory.
Michael Douglas, CCIM, Senior Vice President
O: (480) 977-2935 | M: (480) 772-8870
michael.douglas@investingincre.com
Kennedy Hunsaker, Associate
ORION Investment Real Estate | ICRE Investment Team
O: (480) 750-1220 | M: (602) 592-7431
Kennedy@investingincre.com
