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Global Reach, Local Expertise

Welcome to Marcus & Millichap, the #1 commercial real estate investment brokerage and capital markets services firm in North America.

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$49.6 Billion

Value of Recently Closed Transactions

Southwest: $5B

7,836

Closed Sales in Most Recent Year

Southwest: 287

$10.9 Billion

Total Value of Recent Listings

1,249

Closed Financings in Most Recent Year

Our Impact

A Legacy of Success, Built for the Future

For more than 50 years, Marcus & Millichap has worked tirelessly to help our clients create and preserve wealth through commercial real estate investment sales as well as debt and equity advisory. Since our founding in 1971, we have grown to more than 80 offices throughout the United States and Canada, including five offices here in the Southwest. We also assembled the industry’s largest and most qualified team of specialists to help provide real estate solutions that match your unique investment needs. Connect with an advisor today.

J. Vorsheck

John Vorsheck

Executive Managing Director / Divisional Chief Revenue Officer, Western

CURRENT SOUTHWEST LISTINGS

Your Property Search Starts Here

Finding the right investment opportunity is easy when choosing from the industry’s largest, most diverse collection of exclusive commercial real estate listings. Start your search now.

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Apartments

Residences at Bromley

Las Vegas, NV

Number of Units: 32

Cap Rate: 6.00%

Listing Price: $4,500,000

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Net Lease

7-ELEVEN | RARE LOW PRICE 7-ELEVEN GAS & C-STORE

Reno, NV

Years Remaining On Lease: 3.9

Cap Rate: 5.50%

Listing Price: $770,000

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Net Lease

Conoco Fee Simple NNN Lease 3% Increases

Mesquite, NV

Years Remaining On Lease: 18.3

Cap Rate: 7.50%

Listing Price: $6,612,946

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Apartments

The Shorewood Apartments

Phoenix, AZ

Number of Units: 21

Cap Rate: 5.48%

Listing Price: $5,250,000

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Net Lease

Black Rock Coffee

Tucson, AZ

Years Remaining On Lease: 13.9

Cap Rate: 6.00%

Listing Price: $2,583,300

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Hospitality/Golf

TownePlace Suites Phoenix Downtown (Conversion)

Phoenix, AZ

Price/Room: $48,246

Cap Rate: 8.30%

Listing Price: $5,500,000

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Net Lease

Taco Bell - Low Rent - Large Franchisee

Glendale, AZ

Years Remaining On Lease: 4.1

Cap Rate: 6.00%

Listing Price: $1,682,950

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Net Lease

7-Eleven

Reno, NV

Years Remaining On Lease: 4.1

Cap Rate: 5.50%

Listing Price: $1,200,000

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Manufactured Housing

Lazy D Ranch RV Park & Apartments

Payson, AZ

Price/Space: $63,235

Cap Rate: 7.82%

Listing Price: $2,150,000

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Office

New Mexico State-Backed Office Portfolio

Aztec, NM

Price/Gross SF: $315.89

Cap Rate: 8.00%

Listing Price: $7,735,000

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Hospitality/Golf

Radisson Yuma

Yuma, AZ

Price/Room: $116,883

Cap Rate: 3.50%

Listing Price: $18,000,000

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Net Lease

Brand New Caliber Collision Center in Tucson, AZ | All New 2025 Renovations | Main Retail Corridor

Tucson, AZ

Years Remaining On Lease: 14.9

Cap Rate: 6.00%

Listing Price: $7,775,000

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Net Lease

7-Eleven - Abs. NNN - Over 40 Yrs of Operating History

Las Vegas, NV

Years Remaining On Lease: 2.9

Cap Rate: 5.25%

Listing Price: $1,383,000

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Net Lease

Native Grill & Wings

Tucson, AZ

Years Remaining On Lease: 9.4

Cap Rate: 7.25%

Listing Price: $3,215,000

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Manufactured Housing

Black Canyon Campground

Black Canyon City, AZ

Cap Rate: 8.29%

Listing Price: $3,500,000

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RECENT SOUTHWEST RESEARCH

Essential Market Insights

Marcus & Millichap’s research services division is dedicated to providing our clients with cutting-edge market research and innovative insights. Browse our recent reports and videos focused on your areas of interest.

Research Video

Retail Real Estate: Sustaining Momentum In 2026

December 22, 2025

Retail

Research Brief

2026 Retail Outlook

December 2025

whats-in-store-for-investors-in-2023

Research Video

Institutional Investors See Value In Multifamily

December 18, 2025

Research Video

The Three Forces Shaping Canada's CRE Outlook

December 18, 2025

Research Video

Key Forces Driving Industrial Real Estate

December 15, 2025

industrial

Research Brief

2026 Industrial Outlook

December 2025

US Money

Research Brief

Financial Markets

December 2025

Research Video

The Forces Shaping the 2026 Multifamily Outlook

December 8, 2025

mm multifamily

Research Brief

2026 Multifamily Outlook

December 2025

Research Video

Will Positive Office Demand Carry Into 2026?

December 1, 2025

Employment

Research Brief

2026 Office Outlook

November 2025

Housing

Research Brief

Homeownership Trends

November 2025

Research Video

How Restrained Homebuying Is Influencing CRE

November 24, 2025

Economy

Research Brief

Single-Tenant Net-Lease

November 2025

Research Video

What’s Driving the Rebound in Net Lease Transaction Activity

November 17, 2025

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RECENT NEWS & EVENTS

The Latest News Impacting Your Investment

Stay informed with the news and events impacting your investment strategy.

Schwab Network Features Marcus & Millichap CEO Hessam Nadji

Video

Schwab Network Features Marcus & Millichap CEO Hessam Nadji

How Fed Policies Are Shaping CRE Investment

December 12, 2025

Multi-Housing News

Media

Multifamily Investors Returning as Values Stabilize

With construction tapering, confidence is making a comeback.

December 05, 2025

Springs at Scottsdale

Press Releases

Marcus & Millichap Capital Corporation Arranges $22 Million Financing for Scottsdale Independent Living Center

MMCC arranged $22 million in financing for The Springs of Scottsdale Independent & Senior Assisted Living, a 143-unit independent living center located at 3212 North Miller Road in Phoenix, Arizona.

November 21, 2025

Bloomberg Features Hessam Nadji

Video

Bloomberg News Features Marcus & Millichap CEO Hessam Nadji

The Three Forces Driving Commercial Real Estate; Why Retail Continues to Outperform

November 15, 2025

Photo of Property

Press Releases

Marcus & Millichap Arranges the Sale of Pioneer Storage in Mesquite, Nevada

Marcus & Millichap announced the sale of Pioneer Storage, a 52,195 square foot storage facility located in Mesquite, Nevada.

September 29, 2025

Yahoo Finance Features Hessam Nadji

Video

Yahoo! Finance Features Marcus & Millichap CEO Hessam Nadji

The Commercial Real Estate Revival – Key Forces Supporting the CRE Investment Outlook

September 23, 2025

The Wall Street Journal

Media

Lower Rates Are Set to Juice the Commercial-Property Market

New interest-rate easing cycle could lead to more property sales and lending, reversing yearslong slide

September 23, 2025

CNBC Features Hessam Nadji

Video

CNBC Features Marcus & Millichap CEO Hessam Nadji

Durable CRE Space Demand Drives Investment Opportunity

September 19, 2025

Bloomberg Features Hessam Nadji

Video

Bloomberg News Features Marcus & Millichap CEO Hessam Nadji

Fed Rate Cut and Increased Bank Lending Bolster CRE Outlook

September 19, 2025

GlobeSt.com

Media

Data Centers Fuel Record Spending on U.S. Energy Infrastructure

AI demands have ignited a new wave of data center development.

July 02, 2025

Charles Schwab Features Marcus & Millichap CEO Hessam Nadji

Video

Charles Schwab Features Marcus & Millichap CEO Hessam Nadji

Headwinds & Opportunities: The Forces Shaping CRE Investment Activity

June 10, 2025

Marcus & Millichap

Press Releases

Marcus & Millichap Announces Senior Management Reorganization to Maximize Growth Opportunities

Marcus & Millichap announced today a management realignment to streamline decision making, execution and allocation of key executives to strategic growth initiatives.

April 30, 2025

Bloomberg Features Hessam Nadji

Video

Bloomberg Radio Features Marcus & Millichap CEO Hessam Nadji

2025: A Turning Point For Commercial Real Estate

March 21, 2025

Live Webcast: Dynamic CRE Outlook
Marcus & Millichap Events

Live Webcast: Will 2026 Mark the Transition to a More Dynamic CRE Outlook?

Live Webcast
January 22, 2026
Americas Lodging Investment Summit
Industry Events

Americas Lodging Investment Summit

JW Marriott/Ritz-Carlton Los Angeles L.A. LIVE, Los Angeles, CA
January 26 – January 28, 2026

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1031 exchange background

Looking to Reinvest?
Let Us Help You With Your Next Exchange.

Instead of immediately paying capital gains on the sale of a property (the “down leg”), many investors prefer to defer that payment by purchasing a new property (the “up leg”) with the proceeds. This is commonly referred to as a 1031 exchange, in reference to the section of U.S. tax code that defines it. There are specific rules and timelines related to a 1031 exchange, and it is important to have an experienced and knowledgeable specialist handling the process.

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