WE are seeing this in the Portland market.Montgomery Park the largest office complex in the state that sold about 7 years ago for 250 mil just got bought ( after no one bid it at foreclosure) for 25 mil by Menashe family. its over 1 million sq ft.. dont think you can lose on something like that. reminds me of the buys in 2010 in some markets were sfr's were selling for 1/4 of replacement costs..

The licensed versions sold at big box stores are not the same quality and break down quickly and rarely have replacement parts.

If the machines are 15+ years old, I recommend getting a quote to replace them.

Adding paint and replacing flooring is not going to add much value in the typical case.  

We had one where they wanted us to pay for the majority of the costs to replace 1 mile of sewer back to a larger main.  

Denis Flory and Frank Mooney promised to have a replacement address for your properties and they still have not provided.

Focus on finding a replacement with strong tenant screening processes and performance guarantees.

There is another argument to do the 1031 and purchase multiple replacements with cash. 

AIArtificial intellect is not (at least not yet) a replacement for the actual intellect and experience.

Not sure how they could block a sale but I imagine they told him the central heating unit for the whole complex would soon need replacement so a special assessment would be upcoming.