Remember that if you want an offline wallet, you will need to download the entire blockchain which I think is over 200gb.

No. You can simply generate a paper wallet from https://www.bitaddress.org/, then simply deposit on the adress given. I believe you can simply import the private keys into something like electrum, sign an offline transaction, and broadcast it with something like https://coinb.in/

This might also be an interesting read. http://docs.electrum.org/en/latest/coldstorage.html

Remember that if you want an offline wallet, you will need to download the entire blockchain which I think is over 200gb.

And update each time you connect, I assume? I mean, download the blocks found after the latest sync

Then what's the point of having an offline wallet? This is just a regular core wallet you guys are talking about.. ?