Trying to understand and figure out if this is a good deal

[Kevin Richard]

I'm looking at a deal to invest in. It's a couple of metal buildings divided into 8 units (4 each) on .46 acres. The buildings total 7500 square feet. They are basically warehouse type of buildings with offices constructed into them. One set has insulation on the whole thing and full baths on the units. The others don't have insulation and only half baths.

These units are fairly old I believe built in the 80's. Annual taxes are $1514 and they are asking $360k.

I've spoken with a few of the tenants (7 of 8 or filled and I actually want the 8th for myself). The rent varies from $450 for some $550 for others and $600 for another.

It's in a decent location with good access and nearby other industrial areas.

The tenants seem happy there... what do you guys think of this deal?