Family want's to trade commercial property for multifamily ?

[Mike Spero]

Family owns a commercial property 2000 sq ft that sits around the franchise burger joints, they own it free and clear, leased for $1550 per month, taxes and insurance about $3000 year, valued at $400k. They found a multifamily property that consists of 6- brick 4plexes on slab, 600 sq ft each 1 bed/1 bath and rents for $335 per month, with management in place and a 7 hour drive from family's home. The property at 90% occupied, gross rent would be $84,420 year and the expenses at $41,500, using the 50% rule, this deal looks pretty good. Family has contacted the sellers agent and asked if they would consider trading, their property for the commercial property, he said he thinks they might go for it, just put it on paper. They are asking $425k for their property.

My question is....does this deal make sense, is it a good deal, or should they wait till a big franchise comes and buys them out. WHAT DO YOU THINK ?