210 5th E st - Self-Storage Facilities FOR SALE


Herman, MN 56248
$289,000 USD
612-930-6614
210 5th E st, Herman, MN for Sale
$289,000 USD
Self-Storage Facilities - FOR SALE
1/3
null | Request Cap Rate

210 5th E st
Herman, MN 56248


HIGHLIGHTS

  • Passive Ownership Ready – Existing management infrastructure supports remote ownership from day one, with no need for an on-site operator
  • No Paid Advertising – The facility has sustained near-full occupancy entirely through local word-of-mouth demand, with zero marketing spend
  • Limited Local Competition – The subject market features few self-storage alternatives, supporting durable occupancy and pricing power
  • Seller Financing Available – The seller is open to financing discussions, providing flexibility for buyers outside of conventional debt

OVERVIEW

Herman Mini Storage represents a rare opportunity to acquire a stabilized, cash-flowing self-storage asset that operates itself. The facility has achieved near-full occupancy with zero paid advertising, filling entirely through local word-of-mouth demand, and the existing management infrastructure supports remote ownership from day one. This 33-unit, 4,500 square foot property in Herman, Minnesota offers straightforward cash-flow economics and a low-friction entry into Minnesota self-storage. The seller has indicated a willingness to explore seller financing, meaningfully lowering the barrier to entry for buyers seeking flexibility outside of conventional debt. The Herman market features limited self-storage competition, supporting the facility’s ability to sustain strong occupancy without active marketing or rate concessions. With the rate upside relative to comparable facilities in the region, an incoming owner can acquire this asset with confidence that the fundamentals support stable income well into the future.

FOR SALE DETAILS

PRICE

$289,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Herman Mini Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

-

APN/PARCEL ID

20-0083-000

ASK ABOUT THIS PROPERTY

Nathan GottliebArea Storage AdvisorsMore Info
612-930-6614

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Nathan GottliebArea Storage AdvisorsMore Info
612-930-6614

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