Advice on an old elevator

[Cory Asrilant]

I'm in escrow to purchase my first office building.  It has great cash flow and in amazing shape except one thing.  The elevator is 39 years old.  Typically they last 20-25 years.  The seller is not willing to modernize it.  It would be entirely up to me and I don't have the funds (80K-ish) to do it for at least 5 years or more.  The cash flow on the property is good, but having a major upgrade like that would be tough.  The elevator has been well maintained and is currently working.  Would you buy a 39 year old elevator or would you pass?  I would lose my 1031, but not that much of a big deal.  Thoughts?

Thanks