Foolish to buy office building?

[Alex Houser]

2 partners and I are looking to purchase a small, 13-unit office building in a bustling local town in northern NJ.

My question is simple - Am I foolish for buying office space right now?

The Deal:

$1.8M for the property, which generates $20.5K in gross monthly income. It's fully occupied at the moment with leases into 2026. Owner will hold the note at 6% with IO payments for 3 years. 10% down.