It seems so obvious- but when it was actually happening, I kept rationalizing.

Now, he relies on his metrics, and is able to make more rational decisions.IMHO, the worst thing you could do is view your 3-4 years abroad as an insurmountable obstacle in expanding your portfolio - it's not at all the case. 

Thank you,Tom If two Nobel Lureates can not agree on the rationality of markets, Robert Shiller and Eugene Fama, two completely rational human beings and the smartest men in their field, then I do not see the point in trying to figure out when the completely unrational sides of this debate when they might be right or wrong.

You are approaching an "irrational" market where "anything goes" in a very logical, rational (and correct, I would submit) way.

I rationalized this in my mind with a few things.

[Look up: patience]... ...and, while you are in the dictionary, look up the word "Rationalization".I do have a question, how did you calculate your COC Return?...

The way that I have rationalized it is that, if I can lock in an interest rate (say 4.375%) that is below the real rate of inflation (7.5% minimum), in this case several magnitudes, I can come out way ahead.

Those are junk tenants, should be discounted about 50%...You're attempting to rationalize a top quality, Class A building with national tenants and nearly new construction into this low quality office with below 80% occupancy.

You could put your rational together in a attachment to your offer.

I agree with Christopher that the seller is not acting rationally to sell without taking any equity.