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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.

Property SaleAuctionsConnect with an Advisor
$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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Retail

Sierra Vista Shops - Target & Fry's Outparcel

Sierra Vista, AZ

Price/Gross SF: $530.69

Cap Rate: 6.50%

Listing Price: $2,940,000

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Apartments

Tierra Buena

Phoenix, AZ

Number of Units: 4

Cap Rate: 5.24%

Listing Price: $680,000

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Hospitality/Golf

Comfort Inn & Suites Albuquerque Downtown

Albuquerque, NM

Price/Room: $76,829

Cap Rate: 9.30%

Listing Price: $6,300,000

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Industrial

5148 West Patrick Lane

Las Vegas, NV

Price/Gross SF: $313.61

Cap Rate: 6.60%

Listing Price: $1,950,000

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Apartments

Wheeler Apartments

Reno, NV

Number of Units: 16

Cap Rate: 4.39%

Listing Price: $2,700,000

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Net Lease

Walgreens | First New Store in AZ in Several Years | 15-Year NNN Lease

Gilbert (Phoenix MSA), AZ

Years Remaining On Lease: 14.5

Cap Rate: 6.50%

Listing Price: $7,908,000

Bidding Starts: May 5, 2025
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Retail

AUCTION - Nucleus Plaza

Las Vegas, NV

Price/Gross SF: $22.86

Bidding Ends: May 7, 2025

Starting Bid: $2,500,000

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Apartments

SXC Speedway

Tucson, AZ

Number of Units: 28

Listing Price: Request For Offer

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Net Lease

Calibers - Absolute NNN Lease

Albuquerque, NM

Years Remaining On Lease: 3.3

Cap Rate: 9.00%

Listing Price: $3,632,000

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Net Lease

Children's Learning Adventure - 15 Yr Abs NNN

Tucson, AZ

Years Remaining On Lease: 15.6

Cap Rate: 7.25%

Listing Price: $6,795,060

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Land

NWC Palm Valley Blvd. & Litchfield Rd

Goodyear, AZ

Lot Size: 6.15 acres

Listing Price: $6,700,000

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Net Lease

The Dispensary

Las Vegas, NV

Cap Rate: 6.00%

Listing Price: $3,175,000

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Net Lease

Jiffy Lube Ground Lease

Phoenix, AZ

Years Remaining On Lease: 3.1

Cap Rate: 7.15%

Listing Price: $1,230,000

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Retail

Rainbow Express Shopping Center: Harbor Freight Anchored

Las Vegas, NV

Price/Gross SF: $210.54

Cap Rate: 6.75%

Listing Price: $9,025,000

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Land

47.3 Acres At I-10 & Rt 90, Benson, AZ

Benson, AZ

Lot Size: 47.30 acres

Listing Price: $1,350,000

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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

Have Tariffs Increased Inflation? Not Yet…

June 16, 2025

GDP

Research Brief

Inflation

June 2025

Research Video

Emerging Cap Rate Spreads and Trends

June 9, 2025

Employment

Research Brief

Employment

June 2025

US Money

Special Report

California Multifamily Property Insurance

June 2025

Research Video

New Tax Bill May Bolster CRE Investment Climate

June 2, 2025

US Money

Special Report

Interest Rate Outlook

May 2025

Research Video

Interest Rates on the Rise?

May 27, 2025

GDP

Research Brief

Inflation

May 2025

Employment

Research Brief

Retail Sales

May 2025

Research Video

Understanding Today’s CRE Distress Landscape

May 19, 2025

Research Video

Can the Office Market Regain Its Footing in 2025?

May 5, 2025

Employment

Research Brief

Employment

April 2025

Housing

Special Report

Washington Statewide Rent Control

May 2025

Research Video

Retail CRE Positioned to Withstand Potential Headwinds

May 5, 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.

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

SSA 2025 Fall Conference & Trade Show
Industry Events

SSA 2025 Fall Conference & Trade Show

Aria Resort & Casino, Las Vegas, NV
September 2 – September 5, 2025
CRE.Converge
Industry Events

NAIOP CRE.Converge

Sheraton Centre Toronto, Toronto, Ontario
September 8 – September 10, 2025
2025 NIC Fall Conference
Industry Events

2025 NIC Fall Conference

JW Marriott, Austin, TX
September 8 – September 10, 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

ICSC@WESTERN
Industry Events

ICSC@WESTERN

Palm Springs Convention Center, Palm Springs, CA
September 28 – September 30, 2025
CREW Network Convention
Industry Events

CREW Network Convention

Fairmont Hotel, Austin, TX
October 8 – October 10, 2025
Restaurant Finance & Development Conference
Industry Events

Restaurant Finance & Development Conference

The Bellagio, Las Vegas, NV
November 10 – November 12, 2025
CNBC Features Hessam Nadji

Video

CNBC Features Marcus & Millichap CEO Hessam Nadji

Why 2025 Will Be A Turning Point For Commercial Real Estate

December 13, 2024

Hessam Nadji on Yahoo! Finance

Video

Yahoo! Finance Features Marcus & Millichap CEO Hessam Nadji

How Investors Are Adapting To The Evolving Interest Rate Outlook

December 12, 2024

Bloomberg Features Hessam Nadji

Video

Bloomberg News Features Marcus & Millichap CEO Hessam Nadji

2025: A Turning Point For Commercial Real Estate

December 11, 2024

Ridgeview Professional Complex

Press Releases

Marcus & Millichap Arranges the Sale of Ridgeview Professional Complex, a 19,920-Square Foot Office Building

Marcus & Millichap announced today the sale of Ridgeview Professional Complex, a 19,920-square foot office property located in Henderson, NV, according to Frank C. Glinton, regional manager of the Las Vegas office.

December 05, 2024

NYSE TV Features Marcus & Millichap CEO Hessam Nadji

Video

NYSE TV Features Marcus & Millichap CEO Hessam Nadji

Why CRE Investors Favor Retail Real Estate

November 15, 2024

Yahoo Finance

Media

Marcus & Millichap CEO Believes The Worst Damage "Has Already Been Done" To Commercial Real Estate And Upside Is Returning

The difficulties facing commercial real estate's office sector and their potential to cause a 2008-style meltdown have been a long-running story in real estate.

October 15, 2024

CNBC Features Hessam Nadji

Video

CNBC International Features Marcus & Millichap CEO Hessam Nadji

International Investors Seek Safety in U.S. Real Estate

October 01, 2024

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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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