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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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Apartments

Sunrise Apartments

Las Vegas, NV

Number of Units: 56

Cap Rate: 6.50%

Listing Price: $7,700,000

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Manufactured Housing

Dark Canyon RV Park

Carlsbad, NM

Price/Space: $21,629

Cap Rate: 14.13%

Listing Price: $3,850,000

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Net Lease

Dollar General

Clayton, NM

Years Remaining On Lease: 14.8

Cap Rate: 7.25%

Listing Price: $2,037,752

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Land

Brightstar North - 58 SFR Lots

Chino Valley, AZ

Lot Size: 15.13 acres

Listing Price: Request For Offer

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Net Lease

Red Lobster (13 Years Remain - Huge Sales)

Farmington, NM

Years Remaining On Lease: 13.0

Cap Rate: 6.85%

Listing Price: $5,000,000

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Net Lease

Chipotle Drive-Thru | 15 Yr Abs NNN

Tucson, AZ

Years Remaining On Lease: 15.3

Cap Rate: 4.70%

Listing Price: $4,234,000

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Net Lease

5951 US-50 E

Carson City, NV

Cap Rate: 5.11%

Listing Price: $1,800,000

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Net Lease

BMO Bank (2nd Busiest Arizona Branch; Placer.ai)

Glendale, AZ

Years Remaining On Lease: 3.6

Cap Rate: 5.67%

Listing Price: $2,127,000

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Medical Office

Revere Medical

Apache Junction, AZ

Gross SF: 6,054

Cap Rate: 6.65%

Listing Price: $3,300,000

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Net Lease

Napa Auto Parts

Phoenix, AZ

Years Remaining On Lease: 6.2

Cap Rate: 6.75%

Listing Price: $2,613,333

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Net Lease

Dutch Bros | 13+ Years | Across from Walmart

Las Cruces, NM

Years Remaining On Lease: 12.9

Cap Rate: 5.50%

Listing Price: $2,745,455

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Retail

The Foothill Shops

Phoenix, AZ

Price/Gross SF: $323.23

Cap Rate: 6.50%

Listing Price: $2,909,092

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Retail

Sahara Eastern Plaza

Las Vegas, NV

Price/Gross SF: $418.63

Cap Rate: 6.00%

Listing Price: $3,650,000

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Apartments

The Shorewood Apartments

Phoenix, AZ

Number of Units: 21

Cap Rate: 6.00%

Listing Price: $4,675,000

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Industrial

42 Diamondback Way

Carson City, NV

Price/Gross SF: $170.59

Listing Price: $1,160,000

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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

Fed Faces Balancing Act Amid Economic Crosscurrents

August 14, 2026

Economy

Research Brief

Inflation

August 2026

Employment

Research Brief

Employment

August 2026

Research Video

Industrial CRE Proving Durable Amid Uncertainty

August 7, 2026

GDP

Research Brief

Gross Domestic Product

August 2026

GDP

Research Brief

Financial Markets

August 2026

Housing

Research Brief

Housing

August 2026

industrial

Research Brief

Industrial

August 2026

Research Video

Retail Resilient in an Uncertain Economy

July 30, 2026

Research Video

Has the Apartment Market Turned to the Upside?

July 24, 2026

Economy

Research Brief

Retail Sales

July 2026

Economy

Research Brief

Inflation

July 2026

Research Video

Inflation Risk: Headwind or Opportunity for CRE?

July 16, 2026

Research Video

Will Economic Momentum Boost CRE for Rest of 2026?

July 10, 2026

Employment

Research Brief

Employment

July 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.

Superstar Car Wash

Press Releases

Marcus & Millichap Arranges $5.85 Million Sale of Super Star Car Wash in Avondale, Arizona

Marcus & Millichap announced today the sale of Super Star Car Wash, an 11,662-square-foot net-leased property, for $5.85 million.

August 10, 2026

Dash Car Wash

Press Releases

Marcus & Millichap Arranges Sale of Phoenix Car Wash Property

Marcus & Millichap announced today the sale of Dash Car Wash, a 1,965-square-foot net-leased property in Phoenix, Arizona. 

July 31, 2026

2026 SSA Fall Conference & Trade Show
Industry Events

SSA Fall Conference & Trade Show

ARIA Resort & Casino, Las Vegas, NV
September 8 – September 11, 2026
Bloomberg Features Hessam Nadji

Video

Bloomberg Features Marcus & Millichap CEO Hessam Nadji

CRE Activity on the Rise? The Forces Bolstering Investment Property

July 23, 2026

Marcus & Millichap

Press Releases

Marcus & Millichap Selects Deferred as Preferred 1031 Exchange Provider

Deferred joins Marcus & Millichap’s Preferred Partner Program as a technology-powered qualified intermediary providing 1031 exchange solutions for real estate investors.

July 23, 2026

2026 Western States CREF Conference
Industry Events

Western States CREF Conference

ARIA Resort & Casino, Las Vegas, NV
September 9 – September 11, 2026
ICSC@WESTERN 2026 | San Diego, CA
Industry Events

ICSC@WESTERN

San Diego Convention Center, San Diego, CA
September 14 – September 16, 2026
Desert Classic

Press Releases

Marcus & Millichap Closes 275-Space Mobile Home Park Sale in Tucson

Marcus & Millichap announced today the sale of the Desert Classic Mobile Home Park, a 275-space mobile home park in Tucson, Arizona.

July 17, 2026

NYSE TV Features Marcus & Millichap CEO Hessam Nadji

Video

NYSE Features Marcus & Millichap CEO Hessam Nadji

CRE Investment on the Rise? The Forces Bolstering Investment Property

July 16, 2026

Fireside Apartments Phoenix

Press Releases

Marcus & Millichap Arranges $4.75 Million Sale of Fireside Apartments in Phoenix

Marcus & Millichap announced today the sale of Fireside Apartments, a 20-unit multifamily property in Phoenix, Arizona, for $4.75 million.

July 08, 2026

Andee Robb

Press Releases

Marcus & Millichap Appoints Head of Retail Leasing & Advisory Services

Marcus & Millichap announced today that Andee Robb has joined Marcus & Millichap as head of Retail Leasing & Advisory Services, a newly established role that reflects Marcus & Millichap’s continued investment in providing market-leading solutions to clients.

June 30, 2026

The Lodging Conference
Industry Events

The Lodging Conference

JW Marriott Desert Ridge Resort & Spa, Phoenix, AZ
October 5 – October 8, 2026
NAIOP Fall Conference
Industry Events

NAIOP Fall Conference

Sheraton Downtown Denver, Denver, Colorado
October 5 – October 7, 2026
CNBC Features Marcus & Millichap CEO Hessam Nadji

Video

CNBC Features Marcus & Millichap CEO Hessam Nadji

Amid Elevated Interest Rates, Would ROAD to Housing Act Boost Housing Market?

June 25, 2026

Thomas Gorman

Press Releases

Marcus & Millichap Appoints National Director of Net Lease Division

Marcus & Millichap announced today that Thomas Gorman has been appointed senior managing director and leader of its national net lease division, a newly created leadership role that reflects Marcus & Millichap’s continued investment in expanding the firm’s national net lease business.

June 25, 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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