Marcus & Millichap

David Cutler


David Cutler is an Associate in the Palo Alto office specializing in investments sales of single tenant retail assets throughout the country. David joined Marcus & Millichap in 2004 after spending time in the commercial mortgage industry working for Intervest Mortgage in Portland, Oregon and First Republic Bank in San Francisco, California. He also spent time in the Los Angeles area working in the technology industry for an international technology company in Strategic Planning and Business Development as a key member of the team who managed a global real estate portfolio of roughly 9.6 million square feet.
At Marcus & Millichap, David Cutler has been intimately involved in the acquisition or disposition of approximately $934,000,000 worth of commercial real estate investments spread out over 204 unique transactions. His experience includes locating high quality investment real estate assets for a diverse group of clients, both private investors and institutional investors; performing detailed discounted cash flow and IRR analysis to lead decision making; delivering thorough real estate valuation models examining historical and current property operations and pro-forma projections; forecasting market trends and ownership goals for the future; negotiating purchase and sale agreements; and managing the escrow process from start to finish.

In his time away from the office, David enjoys mountain biking, road biking, fly fishing and skiing as well as spending time with his wife and 3 children.

Palo Alto
David Cutler

David Cutler

Tel: (650) 391-1700
Fax: (650) 391-1710

License:  CA  01514751

Associate Member - National Multi Housing Group

Sales Recognition Award - 2016, 2015

  • Edgewater - Sand City, CA - $14,700,133
  • Del Monte Center - Pinole, CA - $8,900,000
  • 100 Middlefield - Menlo Park, CA - $8,900,000
  • The Bradford - Redwood City, CA - $7,125,000
  • Texas Roadhouse - Tracy, CA - $4,870,000
  • Noodles & Co. - Lakewood, CO - $4,625,000
  • Wendy's - Salt Lake City, UT - $1,725,000

Our Team

David Cutler, Joshua Johnson, Kirk Trammell

Team Members:

Transactions Closed

  • Smart & Final

    Smart & Final

    Net Leased Grocery Store

    Sacramento, CA
    Price: $10,025,000
    Size: 27,870 sqft
    Cap Rate: 5.35%

  • Taco Bell

    Taco Bell

    Net Leased Restaurant

    Boise, ID
    Price: $3,200,000
    Size: 2,292 sqft
    Cap Rate: 5.41%

  • Stockton Collegiate International School

    Stockton Collegiate International School

    Single-Tenant Office

    Stockton, CA
    Price: $2,800,000
    Cap Rate: 8.79%

  • 155 Jefferson Drive

    155 Jefferson Drive

    Industrial Research & Development

    Menlo Park, CA
    Size: 32,466 sqft

  • Ridgecrest Apartments

    Ridgecrest Apartments


    Martinez, CA
    Price: $13,300,000
    Size: 60,582 sqft
    Size: 72 units
    Cap Rate: 4.68%

  • Walgreens (24-Hour Location)

    Walgreens (24-Hour Location)

    Net Leased Drug Store

    Greeley, CO
    Price: $7,125,000
    Size: 14,736 sqft
    Cap Rate: 5.54%

  • Wells Fargo Bank

    Wells Fargo Bank

    Net Leased Bank

    Cary, NC
    Price: $746,608
    Size: 1,908 sqft
    Cap Rate: 5.75%

  • Walgreen's


    Net Leased Drug Store

    Twin Falls, ID
    Price: $5,050,000
    Size: 13,905 sqft
    Cap Rate: 5.49%

  • Redwood City Nursery

    Redwood City Nursery

    Land - Mixed-Use

    Redwood City, CA
    Price: $2,750,000
    Size: 20,038 sqft

  • Shoppes at Denver West

    Shoppes at Denver West

    Shopping Strip

    Lakewood, CO
    Price: $4,620,000
    Size: 8,800 sqft
    Cap Rate: 6.68%

  • The Bradford Apartments

    The Bradford Apartments


    Redwood CIty, CA
    Price: $7,125,000
    Size: 17,495 sqft
    Size: 25 units
    Cap Rate: 2.67%

  • Wendy's Ground Lease

    Wendy's Ground Lease

    Net Leased Restaurant

    Salt Lake City, UT
    Price: $1,725,000
    Size: 3,417 sqft
    Cap Rate: 5.22%

  • Mountain View Apartments

    Mountain View Apartments


    Mountain View, CA
    Price: $2,400,000
    Size: 4,355 sqft
    Size: 05 units
    Cap Rate: 4.01%

  • Edgewater on Monterey Bay

    Edgewater on Monterey Bay

    Shopping Community

    Sand City, CA
    Price: $14,700,133
    Size: 25,201 sqft
    Cap Rate: 5.99%

  • Del Monte Plaza

    Del Monte Plaza

    Shopping Neighborhood

    Pinole, CA
    Price: $9,000,000
    Size: 44,264 sqft
    Cap Rate: 8.58%

  • Wendy's Ground Lease

    Wendy's Ground Lease

    Net Leased Restaurant

    Rio Rancho, NM
    Price: $1,635,000
    Size: 3,000 sqft
    Cap Rate: 4.89%

  • 647-651 Sierra Vista Avenue

    647-651 Sierra Vista Avenue

    Land - Multi-Family

    Mountain View, CA
    Price: $10,205,000

  • Grocery Outlet

    Grocery Outlet

    Net Leased Grocery Store

    Stockton, CA
    Price: $4,800,000
    Size: 13,969 sqft
    Cap Rate: 5.35%

  • 133-149 Fairchild Drive

    133-149 Fairchild Drive


    Mountain View, CA
    Price: $11,250,000
    Size: 7,982 sqft
    Size: 50 units
    Cap Rate: 5.33%

  • 805 East McGlincy Lane

    805 East McGlincy Lane

    Single-Tenant Industrial

    Campbell, CA
    Price: $2,100,000
    Cap Rate: 3.62%

  • Island Pacific Supermarket

    Island Pacific Supermarket

    Net Leased Grocery Store

    Elk Grove, CA
    Price: $3,720,000
    Size: 13,963 sqft
    Cap Rate: 5.82%

  • Smart & Final Extra!

    Smart & Final Extra!

    Net Leased Grocery Store

    Coachella, CA
    Price: $8,350,000
    Size: 33,363 sqft
    Cap Rate: 5.28%

  • United Oil - 76

    United Oil - 76

    Net Leased Auto Service - Gas/Conv.

    Pleasanton, CA
    Price: $1,560,000
    Size: 1,837 sqft
    Cap Rate: 5.00%

  • Taco Bell

    Taco Bell

    Net Leased Restaurant

    Salt Lake City, UT
    Price: $3,028,571
    Size: 1,971 sqft
    Cap Rate: 5.25%

  • 733-737 Industrial Road

    733-737 Industrial Road

    Industrial Office Warehouse

    San Carlos, CA
    Price: $7,000,000
    Size: 27,378 sqft
    Cap Rate: 2.97%

  • Taco Bell

    Taco Bell

    Net Leased Restaurant

    Layton, UT
    Price: $2,690,743
    Size: 1,971 sqft
    Cap Rate: 5.25%

  • Eola Heights

    Eola Heights


    Salem, OR
    Price: $16,750,000
    Size: 153,728 sqft
    Size: 152 units
    Cap Rate: 5.73%

  • US Bank

    US Bank

    Net Leased Bank

    Santa Cruz, CA
    Price: $1,850,000
    Size: 3,791 sqft
    Cap Rate: 4.81%

  • STNL


    Net Leased Drug Store

    Draper, UT
    Price: $8,500,000
    Size: 14,000 sqft
    Cap Rate: 5.00%

  • Utah Division of Motor Vehicles

    Utah Division of Motor Vehicles

    Single-Tenant Office

    Ogden, UT
    Price: $1,025,000
    Size: 8,012 sqft
    Cap Rate: 8.15%