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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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Net Lease

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

Gilbert (Phoenix MSA), AZ

Years Remaining On Lease: 14.2

Cap Rate: 7.00%

Listing Price: $7,343,000

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Apartments

The Modern on Ocotillo

Glendale, AZ

Number of Units: 42

Cap Rate: 5.77%

Listing Price: $8,150,000

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Net Lease

Sunrise Auto Center

Las Vegas, NV

Cap Rate: 1.82%

Listing Price: $1,900,000

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Manufactured Housing

Black Canyon Campground

Black Canyon City, AZ

Cap Rate: 7.63%

Listing Price: $3,800,000

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Apartments

Malibu on Maryland

Phoenix, AZ

Number of Units: 4

Cap Rate: 4.80%

Listing Price: $1,150,000

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Land

Paradise

Las Vegas, NV

Lot Size: 0.14 acres

Listing Price: $729,000

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Net Lease

Walgreens

Phoenix, AZ

Years Remaining On Lease: 1.8

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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Retail

Contract Ave

Las Vegas, NV

Cap Rate: 3.32%

Listing Price: $685,000

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Net Lease

Bristlecone Brewing Company

Reno, NV

Years Remaining On Lease: 6.9

Cap Rate: 6.01%

Listing Price: $1,145,000

Bidding Starts: Oct 27, 2025
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Retail

$1 Auction - REIT Sale | Former Family Dollar | 19K VPD | $102K HH Income | Phoenix MSA

Mesa, AZ

Bidding Ends: Oct 29, 2025

Starting Bid: $1

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Net Lease

Fernley Touchless Carwash

Fernley, NV

Listing Price: $1,675,000

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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

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Net Lease

7-Eleven - 10.9 Years Remaining on Absolute Net Lease

Henderson, NV

Years Remaining On Lease: 10.7

Cap Rate: 4.50%

Listing Price: $3,300,000

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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.

Employment

Research Brief

Employment

October 2025

Research Video

Will The Federal Shutdown Impact CRE?

October 6, 2025

US Money

Research Brief

Government Shutdown

October 2025

Housing

Research Brief

Housing

September 2025

Research Video

How Baby Boomers Are Transforming the CRE Landscape

September 29, 2025

Employment

Research Brief

Demographics

September 2025

Economy

Research Brief

Retail Sales

September 2025

Research Video

The Fed Cut Rates — Now What?

September 22, 2025

US Money

Research Brief

Employment & Rates

September 2025

GDP

Research Brief

Financial Markets

September 2025

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

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RECENT NEWS & EVENTS

The Latest News Impacting Your Investment

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

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
Special Webcast: 2026 CRE Investment Outlook
Marcus & Millichap Events

Special Webcast: 2026 CRE Investment Outlook

Live Webcast
October 29, 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

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

CNBC Features Hessam Nadji

Video

CNBC Features Marcus & Millichap CEO Hessam Nadji

Durable CRE Space Demand Drives Investment Opportunity

September 19, 2025

Restaurant Finance & Development Conference
Industry Events

Restaurant Finance & Development Conference

The Bellagio, Las Vegas, NV
November 10 – November 12, 2025
ECORE Real Estate Summit
Industry Events

ECORE Real Estate Summit

Trump National Doral Miami, FL
November 16 – November 18, 2025
GlobeSt. Healthcare
Industry Events

GlobeSt. Healthcare

Andaz Scottsdale Resort, Scottsdale, AZ
December 1 – December 2, 2025
ICSC NEW YORK
Industry Events

ICSC NEW YORK

Javits Center, New York, NY
December 10 – December 11, 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

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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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