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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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Net Lease

Walgreens

Phoenix, AZ

Years Remaining On Lease: 1.9

Cap Rate: 6.77%

Listing Price: $3,370,000

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Industrial

Abstrakt - 10 Yr Abs NNN Sale-Leaseback

Tempe, AZ

Price/Gross SF: $474.97

Cap Rate: 8.00%

Listing Price: $3,681,000

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Industrial

841 S 71st Ave

Phoenix, AZ

Price/Gross SF: $232.11

Cap Rate: 5.60%

Listing Price: $8,200,000

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Industrial

Stadium Submarket Owner-User/Investement

Las Vegas, NV

Price/Gross SF: $275.10

Listing Price: $2,970,000

Bidding Starts: Oct 20, 2025
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Retail

AUCTION - Big Box Former Sprouts Market

Glendale, AZ

Price/Gross SF: $22.88

Bidding Ends: Oct 22, 2025

Starting Bid: $700,000

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Apartments

The Vue Townhomes

Phoenix, AZ

Number of Units: 26

Cap Rate: 5.22%

Listing Price: $6,235,000

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Self-Storage

Disc Drive Self Storage

Sparks, NV

Year Built: 2025

Listing Price: $10,000,000

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Apartments

Tierra Buena

Phoenix, AZ

Number of Units: 4

Cap Rate: 5.85%

Listing Price: $610,000

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Hospitality/Golf

La Quinta Inn Phoenix North

Phoenix, AZ

Price/Room: $81,849

Cap Rate: 2.80%

Listing Price: $11,950,000

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Industrial

High-Exposure Industrial/Retail Facility with Oversized Secure Yard

North Las Vegas, NV

Price/Gross SF: $427.08

Listing Price: $4,100,000

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Land

5 Acres Apache Junction

Apache Junction, AZ

Lot Size: 5.00 acres

Listing Price: $775,000

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Manufactured Housing

Lazy D Ranch RV Park & Apartments

Payson, AZ

Price/Space: $64,706

Cap Rate: 6.26%

Listing Price: $2,200,000

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Net Lease

Tractor Supply Co | Agricultural Hub | Upcoming Rent Increase in 2026

Artesia, NM

Years Remaining On Lease: 6.0

Cap Rate: 6.75%

Listing Price: $3,755,000

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Land

14 Single Family Home Lots

Douglas, AZ

Lot Size: 4.23 acres

Listing Price: $598,700

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Retail

El Rancho Shopping Center + Billboard Income

Reno, NV

Price/Gross SF: $348.45

Listing Price: $4,650,000

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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.

GDP

Research Brief

Inflation

September 2025

Research Video

CRE at a Crossroads: Jobs, Rates and Market Liquidity

September 15, 2025

Employment

Research Brief

Employment & Rates

September 2025

Employment

Research Brief

Employment

September 2025

Research Video

If The Fed Cuts Interest Rates, Will Cap Rates Follow?

September 8, 2025

US Money

Research Brief

Cap Rates

September 2025

Research Video

Will A Wave Of Distressed CRE Come To Market?

September 2, 2025

mm financial

Research Brief

CRE Distress Update

September 2025

Housing

Research Brief

Housing

August 2025

mm retail

Market Report

Retail National Report

3Q 2025

Research Video

Durable Retail Sales Positive For CRE

August 25, 2025

Economy

Research Brief

Retail Sales

August 2025

Research Video

Inflation Still Looks Tame – Should the Fed Cut Rates?

August 18, 2025

GDP

Research Brief

Inflation

August 2025

Research Video

The Forces Driving Interest Rates Lower – Will They Last?

August 11, 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.

ICSC@WESTERN
Industry Events

ICSC@WESTERN

Palm Springs Convention Center, Palm Springs, CA
September 28 – September 30, 2025
The Lodging Conference
Industry Events

The Lodging Conference

JW Marriott Phoenix Desert Ridge Resort & Spa, Phoenix, AZ
October 6 – October 10, 2025
2025 WMA Convention & Expo
Industry Events

2025 WMA Convention & Expo

Peppermill Resort, Reno, NV
October 6 – October 9, 2025
CREW Network Convention
Industry Events

CREW Network Convention

Fairmont Hotel, Austin, TX
October 8 – October 10, 2025
Globe St. Multifamily Fall
Industry Events

Globe St. Multifamily Fall

JW Marriott Los Angeles L.A. LIVE, Los Angeles, CA
October 20, 2025
Restaurant Finance & Development Conference
Industry Events

Restaurant Finance & Development Conference

The Bellagio, Las Vegas, NV
November 10 – November 12, 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

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

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Interested in a Complimentary Valuation

Looking for Acquisition Opportunities

Seeking
Financing
Options

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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