Jim,

I realize you are excited about these post offices.  But I really need help analyzing the numbers.  

Phillip



 -----Original Message-----
From: 	James Wills <jwills3@swbell.net>@ENRON  
Sent:	Wednesday, November 14, 2001 1:38 PM
To:	pallen70@hotmail.com; pallen@enron.com
Subject:	Re: new PO available

Phillip, Carlos and I will try to respond to your request for a spreadsheet in the next day or two (I'll be at the home office in New Braunfels tomorrow). Meanwhile, I wanted to pass on some news...the Killeen post office probably is gone...I wrote a contract this morning that's now on its way to California for signature. Of course, if you wanted to submit one also, we can do it fairly quickly.

Incidentally, I had the price wrong on Killeen...it's $1,377,550, not $1,360,000.

HOWEVER!! Here's info about another new listing that may be ideal for you; it's a brand new post office at CANYON LAKE, just north of SA, and in a really ideal location to serve all the small communities that surround the reservoir. I have attached a flyer for you...this one, like Killeen, will not be around long because there are other brokers promoting it. I have talked to the postmaster, who tells me that almost all the boxes are gone, and the building is just now ready for occupancy. CPS is connecting over 2200 new power boxes a month in the area. It's really growing. Let me know what you think!!

With best regards, Jim Wills

Phillip.K.Allen@enron.com wrote:

> Jim,
>
> I received your email on the Killeen post office.  I am still having a
> tough time making the math work.  Can you prepare a spreadsheet that would
> show why the post office is such a good investment?  Maybe the assumptions
> I am making about interest rates, expenses, or value at the end of the
> lease are incorrect.
>
> Phillip
>
>       -----Original Message-----
>      From:   James Wills <jwills3@swbell.net>@ENRON
>      Sent:   Friday, November 09, 2001 4:22 PM
>      To:     pallen70@hotmail.com; pallen@enron.com
>      Subject:  new PO available
>
>      Phillip,
>
>      Hope your trip to Kerrville was worthwhile, and you had a chance to
>      check out the Heritage Building.
>
>      I am writing to tell you about another post office that has just come
>      back on the market...it's in Killeen, and was under contract for about
>      30 days. But one of my clients here who was in a 1031 exchange, and
>      had
>      designated three post offices with us, could only actually buy two, so
>      today he released this one.
>
>      The Killeen post office (Harker Heights, a suburb) is one of the best
>      we
>      have had in our inventory. It was built by a developer who is a friend
>      of ours and has been constructing POs for many years. She had to turn
>      down two other potential buyers recently because it was under
>      contract.
>
>      I'm sure it will not last long. I have attached a flyer for you, and
>      can
>      supply a copy of the lease too. If you are interested, do let me know
>      soon...we will need to act quickly! With best regards, Jim Wills
>
>       - Harker Heights.doc << File: Harker Heights.doc >>
>
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 - Canyon Lake, Texas.doc << File: Canyon Lake, Texas.doc >>