Ken, I will drive by - I am interested in looking at a few options.

thanks
Dave
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/02/2001
10:08 AM ---------------------------

Ken Rice@ENRON COMMUNICATIONS
02/02/2001 10:05 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject:

Dave

Congratulations ( I think?) on your new assignment.

If you get a chance in the next few days, drive by this building I have. It
is at 5205 Spruce (2 blocks north of Bellaire Blvd and 2 blocks west of Rice)
in Bellaire. It is a great building for what you need for your cars. It
will lease for about $12-$15/sf annually (about 5000 sf including the garage
space) and I have about $750,000 in the building. If you have 1/3 of the
building (+-$250,000) it will cost you about $1,600/mo in interest. This is
about what it would cost to put your 3 cars in a climate controlled storage
space (probably less) at a USTOREIT. Let me know if you're interested in
looking at a deal structure.

Ken