Chris Jackson Of Stream Realty Partners And Paul Schroder Of AustralianSuper Acquire Garage In Houston For Downtown Development
1215 Walker Street
Building Size
—
Asset Type
Garage
Closing
Aug 12, 2026
About this deal
AI
The asset involved in this transaction is a garage located at 1215 Walker Street in Houston, TX. The garage is part of a full city block acquisition and is designed to accommodate 2,053 spaces. It will serve the Houston Center, which spans 4.2 million square feet, and is expected to enhance the parking availability for the complex significantly.
Summary of transaction details:
- Property Type: Garage
- Transaction Amount: Not specified
- Address: 1215 Walker Street
- Market: Houston, TX
- Buyer: Chris Jackson - Stream Realty Partners
- Buyer: Paul Schroder - AustralianSuper
Stream Realty Partners and AustralianSuper are collaborating on the development project, which involves building a 12-level parking garage. This facility is linked to One Houston Center by a skybridge and is projected to break ground in 2027, increasing the parking ratio for the complex to two spaces per 1,000 square feet.
On the Map
Garage
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Walker Garage Market Snapshot
Boundary boundary · Garage · 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