Is this a good commercial deal

[De Juan Washington]

Class "A" Multi-Tenant Hi-Rise; 249,081 S.F.; built in 1987; 100% Leased as of January 2015; 5 tenants occupy 82% of the space; current NOI: $2.77M; 2015 NOI is estimated at $3,075,441; price $31,000,000; cap rate 9.92% based on 2015 NOI.

[Jon Klaus]

Is it truly class A? 27 year old building usually isn't class A anymore. How's the location? That's pretty good NOI if it really is class A. 8.7% current cap rate.