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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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$50.9 Billion

Value of Recently Closed Transactions

Southwest: $3.5B

8,818

Closed Sales in Most Recent Year

Southwest: 289

$12.5 Billion

Total Value of Recent Listings

1,659

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

Sahara Eastern Plaza

Las Vegas, NV

Price/Gross SF: $398.55

Cap Rate: 6.35%

Listing Price: $3,475,000

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Mixed-Use

Carson City Aircraft Hangar

Carson City, NV

Gross SF: 3,074

Cap Rate: 4.80%

Listing Price: $750,000

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Office

Fallon Business Park

Fallon, NV

Price/Gross SF: $158.24

Cap Rate: 4.85%

Listing Price: $2,200,000

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Manufactured Housing

The Retreat at Mountain Meadows

Payson, AZ

Price/Space: $112,333

Cap Rate: 8.82%

Listing Price: $1,011,000

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Retail

Southwest Fitness Plaza

Gold Canyon, AZ

Price/Gross SF: $291.67

Cap Rate: 7.51%

Listing Price: $2,240,000

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Retail

Bonanza Lamb Business Park

Las Vegas, NV

Price/Gross SF: $330.11

Cap Rate: 6.75%

Listing Price: $4,067,000

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Hospitality/Golf

Radisson Yuma

Yuma, AZ

Price/Room: $103,247

Cap Rate: 6.50%

Listing Price: $15,900,000

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Retail

Cedic Plaza

Sedona, AZ

Price/Gross SF: $1,858.16

Cap Rate: 6.64%

Listing Price: $6,000,000

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Net Lease

Destination XL (NASDAQ:DXLG) | West Coast Flagship Generational Trophy Property Near Las Vegas Strip

Las Vegas, NV

Years Remaining On Lease: 7.2

Cap Rate: 7.00%

Listing Price: $9,900,000

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Net Lease

Dollar General

Clovis, NM

Years Remaining On Lease: 11.7

Cap Rate: 7.25%

Listing Price: $1,972,606

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Net Lease

National Veterinary Associates - College Garden Animal Hospital

Roswell, NM

Years Remaining On Lease: 1.2

Cap Rate: 11.49%

Listing Price: $800,000

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Net Lease

Bowman Consulting Group

Reno, NV

Years Remaining On Lease: 7.3

Cap Rate: 5.35%

Listing Price: $2,245,000

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Net Lease

BLISS CAR WASH

Las Vegas, NV

Years Remaining On Lease: 18.5

Cap Rate: 6.00%

Listing Price: $4,500,000

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Retail

406 Pyramid Way

Sparks, NV

Cap Rate: 1.00%

Listing Price: $1,000,000

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Land

1040 E McDowell

Phoenix, AZ

Lot Size: 2.84 acres

Listing Price: Request For Offer

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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

Job Creation Downshift Reshapes CRE Outlook

October 9, 2026

Housing

Research Brief

Housing

October 2026

Employment

Research Brief

Employment

October 2026

Research Video

Despite Headwinds, Economy Remains Durable

October 2, 2026

Research Video

Strong Retail Sales Reinforce CRE Outlook

September 23, 2026

Economy

Research Brief

Retail Sales

September 2026

Research Video

Fed Rate Hike: Challenge or Opportunity?

September 18, 2026

GDP

Research Brief

Financial Markets

September 2026

mm financial

Research Brief

Inflation

September 2026

Research Video

Three Forces Pushing Interest Rates Higher

September 11, 2026

Employment

Research Brief

Employment

September 2026

Research Video

Investors Increasingly Focus on Smaller Metros

September 4, 2026

Housing

Research Brief

Housing

September 2026

Research Video

The Investors Driving CRE Transaction Velocity

August 28, 2026

Employment

Research Brief

Retail Sales

August 2026

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RECENT NEWS & EVENTS

The Latest News Impacting Your Investment

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

La Petite Academy

Press Releases

Marcus & Millichap Facilitates Sale of La Petite Academy in Oakdale, Minnesota

Marcus & Millichap announced today the sale of a 7,700-square-foot La Petite Academy property in Oakdale, Minnesota.

October 13, 2026

Bloomberg Features Hessam Nadji

Video

Bloomberg Features Marcus & Millichap CEO Hessam Nadji

How Will CRE Investors Adapt? Rising Interest Rates and The CRE Space Demand

October 09, 2026

NIC Fall Conference 2026
Industry Events

NIC Fall Conference

Sheraton Grand Chicago Riverwalk, Chicago, IL
October 21 – October 23, 2026
Starbucks Jacksonville

Press Releases

Marcus & Millichap Arranges $2.6 Million Sale of Longstanding Starbucks in Jacksonville, Florida

Marcus & Millichap announced today the $2.6 million sale of a 1,710-square-foot Starbucks property.

October 06, 2026

CNBC Features Hessam Nadji

Video

CNBC Features Marcus & Millichap CEO Hessam Nadji

Will Elevated Interest Rates Force CRE Pricing Recalibration?

October 05, 2026

Applebees Indiana

Press Releases

Marcus & Millichap Arranges $2.15 Million Sale of Applebee's Property in Marion, Indiana

Marcus & Millichap announced today the $2.15 million sale of an Applebee's restaurant property in Marion, Indiana.

October 05, 2026

WMA Convention & Expo 2026
Industry Events

WMA Convention & Expo

M Resort Spa Casino, Henderson, NV
October 26 – October 29, 2026
Filibertos Williams

Press Releases

Marcus & Millichap Brokers $2.04 Million Sale of 20-Year Net-Leased Filiberto's Near Grand Canyon Gateway

Marcus & Millichap announced today the sale of a 3,407-square-foot Filiberto's restaurant property near Interstate 40 and historic Route 66 for $2.04 million.

October 01, 2026

Heartland Dental

Press Releases

Marcus & Millichap Arranges $8 Million Sale of Heartland Dental, VEG Retail Property in Winter Garden, Florida

Marcus & Millichap announced today the $8 million sale of a newly constructed, 8,836-square-foot retail property leased to Heartland Dental and Veterinary Emergency Group (VEG) in Winter Garden, Florida.

September 28, 2026

Yahoo Finance Features Hessam Nadji

Video

Yahoo! Finance Features Marcus & Millichap CEO Hessam Nadji

Calibrating To Higher Interest Rates – Opportunities and Challenges

September 25, 2026

Black Rock Coffee

Press Releases

Marcus & Millichap Arranges Sale of Black Rock Coffee Property in Tucson, Arizona

Marcus & Millichap announced today the sale of a Black Rock Coffee property, a net-leased retail asset in Tucson, Arizona, for $2,480,000.

September 24, 2026

MSM THE Show 2026
Industry Events

MSM's THE Show

Georgia World Congress Center, Atlanta, GA
November 4 – November 6, 2026
2026 Restaurant Finance & Development Conference
Industry Events

Restaurant Finance & Development Conference

Wynn Las Vegas, Las Vegas, NV
November 9 – November 11, 2026
Applebees Surprise

Press Releases

Marcus & Millichap Arranges $3.54 Million Sale of Applebee's Property in Surprise, Arizona

Marcus & Millichap announced today the sale of a 5,103-square-foot Applebee's property for $3.54 million.

August 28, 2026

Green Street News

Awards

Marcus & Millichap Recognized in Green Street’s Real Estate Alert 2026 Mid-Year Rankings

Marcus & Millichap ranked as the top broker for multifamily and self-storage and earned 13 No. 1 market rankings in Green Street's Real Estate Alert 2026 Mid-Year Rankings.

August 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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