Keep your powder dry and wait for other investors to scream in pain. 

Not many are making those long commutes...http://demographia.com/db-90+commute.pdfor a news article w/ the highlights....https://www.nytimes.com/2017/08/21/us/california-t...And if we look at the last downturn those making those super commutes fell even more when the jobs dried up...

@Sean Williams is dry walling or painting over the wallpaper not any option?

I've seen first hand how salaries going out in a dry spell can empty the coffers pretty quickly.

If you can't, they you can and will bleed you dry.

We can also look at the Baltic Dry Index and see we are at lower values than much of 2020, when the global economy was shut down.

(they do not do larger projects such as dry wall repair so my PM calls a set of vendors she uses and they bid out the project and then she charges me 7% of the total job cost due to her efforts in arranging bids etc....ie; job is $600, she charges $42..well worth it for me NOT to have to make the calls and meet people at the property etc)2.)

What other questions might I ask them as far as returns, or is it pretty cut and dried?  

Also, in my field (construction industry), our work is some of the first to dry up at the beginning of a downturn and the last to come back after a recession.

Now, I can do a lot of things with the space, however, as it is dry, has a loading dock, is at least temperature controlled (might be climate controlled as the building has been used for document storage for a decade), and has a dry fire suppression system installed and working.