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Satya Nadella Acquires Land In El Mirage For Over $258 Million
SOLD
$258,081,239
Arizona
See Similar DealsLand
Sold 06/05/2024
SOLD
Satya Nadella Acquires Land In El Mirage For Over $258 Million
N Dysart Rd & West Northern Parkway
See Similar DealsLand
Sold 06/05/2024
Summary
ARIZONA
Asset Type:Land
Transaction Type:Sale
Microsoft has acquired 282.78 acres of land in El Mirage, Arizona, at the intersection of North Dysart Road and West Northern Parkway. The transaction amount for the purchase was $258,081,239.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $258,081,239
- Buyer: Satya Nadella - Microsoft
- Market: El Mirage, AZ
Satya Nadella, the CEO of Microsoft, represented the company in the acquisition of the land. The purchase aligns with Microsoft's focus on energy efficiency and sustainability as part of its data center operations, further expanding its data center campus.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$13,764,332.73
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$916,908.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,223,436.74
Annual Debt Service$14,681,240.88
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