Looks to be well maintained and clean.
The weakest point of the BMW cars is the cooling system. The water pumps fail pretty regularly so I would make sure you've got a fresh one in there before heading to the track. Also replace all the radiator hoses and consider replacing the radiator core if it is the original.
For what it is worth the 328is holds several class track records with our time trial club. They can be very competitive vehicles with a little bit of work. We'll be at WGI on Sept 10th and 11th next year, hope to see you there!
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