Updated Oct 3, 2025
Larry Ellison's Sensei Ag Holdings Acquires 25 Acre Industrial Site In Lockhart From Troy Marcus
1205 Reed Drive
Building Size
283,000 SF
Asset Type
Industrial
Closing
Sep 10, 2025
About this deal
AI
The property asset involved in this transaction is located at 1205 Reed Drive in Lockhart, Texas. It spans 25 acres and comprises a total of 283,000 square feet. The market for this industrial asset is Lockhart, and it is identified as a former Iron Ox site.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1205 Reed Drive
- Market: Lockhart
- Square Footage: 283,000
- Acres: 25
- Buyer: Larry Ellison - Oracle - Sensei Ag Holdings Inc
- Seller: Troy Marcus - Evergen Equity
Larry Ellison, through his company Sensei Ag Holdings, has acquired this industrial facility, which was previously utilized for greenhouse and R&D operations. The purchase marks an addition to Ellison’s investment portfolio in the Austin area, emphasizing his focus on advancing sustainable farming initiatives as the company expands its reach beyond Hawaii and Canada.
On the Map
Industrial
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Players
Lockhart Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93