Description

Prime Net Lease Inc. is pleased to offer 200 E. Wakefield Ave. in the desirablecommunity of Anaheim. The subject property was completely renovated in2021-2022 and is in excellent condition. 200 E. Wakefield Ave. offers the newowner a turnkey, low-maintenance asset with immediate cash flow. The propertyfeatures a unique unit mix with units 3, 4, and 5 Bedroom units. There areindividual enclosed single car garages for each unit at the rear of the building.Over 10% upside in rents exists through annual increases. The apartmentbuilding is conveniently located in Anaheim, California, offering easy access to avariety of amenities and attractions. Residents can enjoy proximity to shoppingcenters, restaurants, entertainment venues, and recreational facilities, ensuringa vibrant and fulfilling lifestyle. Disneyland Resort and the AnaheimConvention Center are both less than 5 minutes away. In 2022, the park hadapproximately 16.9 million visits, making it the second most visited amusementpark in the world that year. The Convention Center hosts approximately 300events each year, consisting of trade shows, conventions, corporate events,consumer shows, meetings, social functions and banquets.