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Satya Nadella Of Microsoft Acquires 300 Acres In Fernley NV From Evan Slavik For $71M

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SOLD
$71,000,000

Nevada

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Development Site
Sold 04/28/2025
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Property Image
SOLD

Satya Nadella Of Microsoft Acquires 300 Acres In Fernley NV From Evan Slavik For $71M

Nevada Pacific Parkway

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Development Site
Sold 04/28/2025
the dealplayerscompscontact
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Summary

NEVADA
Asset Type:Development Site
Transaction Type:Sale

Mark IV Capital sold a development site consisting of 300 acres located at Nevada Pacific Parkway & Duffy Road in Fernley, NV. The sale was completed at a price of $71,000,000, reflecting the increasing demand for data center development in the area.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $71,000,000
  • Address: Nevada Pacific Parkway & Duffy Road
  • Market: Fernley, NV
  • Acres: 300
  • Buyer: Satya Nadella - Microsoft
  • Seller: Evan Slavik - Mark IV Capital

Through this transaction, Satya Nadella, representing Microsoft, acquired a strategic portion of the larger 4,300-acre Victory Logistics District. Evan Slavik represented Mark IV Capital in the sale, which is part of a broader vision for developing a major logistics and industrial hub with future residential plans nearby.

Players

M
Microsoft
BUYER
Evan Slavik
Mark IV Capital
Evan Slavik
2 deals$157M volume
SELLER

Details

SOLD
IMAGE: Satya Nadella & Evan Slavik DATE: 04/28/2025 ADDRESS: Nevada Pacific Parkway & Duffy Road MARKET: Fernley, NV ASSET TYPE: Development Site ~ ACRES: 300 BUYER: Satya Nadella (@SatyaNadella) - Microsoft (@Microsoft) SELLER: Evan Slavik - Mark IV Capital (@Mark_IV_Capital) SALE PRICE: $71,000,000 NOTE: Mark IV Capital sold 300 acres of its 4,300-acre Victory Logistics District in Fernley, NV, to Microsoft for $71M, capitalizing on soaring demand for data center development. The Newport Beach-based firm continues building out the site as a major logistics and industrial hub, with future plans for residential use on nearby land.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,786,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$252,248.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$336,576.22
Annual Debt Service$4,038,914.67