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1205 Reed Drive

Larry Ellison's Sensei Ag Holdings Acquires 25 Acre Industrial Site In Lockhart From Troy Marcus
SOLDIndustrial

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

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.

Players

Larry Ellison

Oracle

Buyer

$763M

vol

9 deals

Buyer
O
OracleBuyer

Troy Marcus

Evergen Equity

Seller

6 deals

Seller
EE
Evergen EquitySeller

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