This excerpt taken from the MRVL 10-K filed Apr 14, 2005.
Note 4 Detailed Financial Information (in thousands):
Property and equipment included $48,092 and $40,586 of assets under capital lease at January 31, 2005 and 2004, respectively. Accumulated depreciation on these assets was $22,381 and $9,900 at January 31, 2005 and 2004, respectively.
On November 17, 2003, the Company completed the purchase of six buildings on 33.8 acres of land in Santa Clara, California for a total cost of $63.9 million in cash. It is currently intended that the site will be the future location of its U.S. headquarters. The facility consists of approximately 876,000 square feet. One of the buildings is currently leased to a tenant. The remaining five buildings are being renovated and will be used for research and design functions, operations, sales, marketing and administration. In fiscal 2005, the Company began to occupy a portion of two buildings with some of its operations, sales and marketing groups.