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301 E Rezin Ave 28,724 SF Specialty Building Offered at $1,933,680 CAD in Albert Lea, MN 56007
Investment Highlights
- Established Drive-Up Storage Facility: Approximately 26,000 rentable square feet of traditional 10x10 and 10x20 drive-up storage units
- Recent Rental Rate Growth Driving Revenue: Ownership implemented $20 rental rate increases to existing tenants on February 1, 2026
- Immediate Lease-Up Opportunity: The facility is currently ~78% occupied
- Secure Facility with Expansion Potential: The property features full perimeter fencing, gated access, and surveillance cameras
Executive Summary
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.
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.
Property Facts
| Price | $1,933,680 CAD | Lot Size | 2.83 AC |
| Price Per SF | $74.37 CAD | Building Size | 26,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1989 |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $1,933,680 CAD |
| Price Per SF | $74.37 CAD |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 2.83 AC |
| Building Size | 26,000 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Opportunity Zone |
Yes |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $60,261 CAD | |
| Land Assessment | $158,219 CAD | Total Assessment | $218,480 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$158,219 CAD
Improvements Assessment
$60,261 CAD
Total Assessment
$218,480 CAD
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301 E Rezin Ave
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