301 E Rezin Ave - Self-Storage Facilities FOR SALE


Albert Lea, MN 56007
$1,400,000 USD
612-394-7553
301 E Rezin Ave, Albert Lea, MN for Sale
$1,400,000 USD
Self-Storage Facilities - FOR SALE
1/17
null | Request Cap Rate

301 E Rezin Ave
Albert Lea, MN 56007


HIGHLIGHTS

  • Established Drive-Up Storage Facility: Approximately 26,000 rentable square feet of traditional 10x10 and 10x20 drive-up storage units
  • Immediate Lease-Up Opportunity: The facility is currently ~78% occupied
  • Recent Rental Rate Growth Driving Revenue: Ownership implemented $20 rental rate increases to existing tenants on February 1, 2026
  • Secure Facility with Expansion Potential: The property features full perimeter fencing, gated access, and surveillance cameras

OVERVIEW

Safeguard Storage Solutions in Albert Lea, Minnesota offers approximately 26,000 rentable square feet of drive-up self-storage units consisting primarily of 10×10 and 10×20 unit sizes, which are among the most in-demand unit types in the industry. The facility is currently operating at approximately 78% physical occupancy, providing a clear opportunity for a new owner to continue leasing vacant units while benefiting from recent $20 rental rate increases implemented in February 2026, which have already pushed economic occupancy into the mid-90% range. The property is designed for operational efficiency with fully fenced and gated access, surveillance cameras, and simple drive-up unit access, allowing for streamlined day-to-day management. The facility benefits from convenient access just off Highway 65, one of the primary corridors serving Albert Lea, providing strong visibility and accessibility for both residential and commercial tenants. Current ownership utilizes Easy Storage Solutions management software, allowing tenants to rent and pay online through a dedicated website and enabling remote management capabilities for the owner. Additionally, the property includes outdoor parking space currently used for storage, which may present future expansion opportunities for additional units or expanded vehicle storage depending on local demand and zoning.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.83 AC

LAND SF

123,275 SF

ZONING

-

APN/PARCEL ID

34.247.0010,34.247.0090,34.247.0100

ASK ABOUT THIS PROPERTY

Alex IhrkeArea Storage AdvisorsMore Info
612-394-7553

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Alex IhrkeArea Storage AdvisorsMore Info
612-394-7553

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.