Herman Mini Storage
Herman, MN
Asking price
$289,000
Units
33
Cap rate
—
Price / unit
$8,758
About this property
Argus Self Storage Property Listings Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Herman Mini Storage Back to Results Herman, MN $289,000 Click Here to Request Offering Memorandum 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. $289,000 View Executive Summary All fields are required. I am a Principal I am a Broker I a
All details
| Asking price | $289,000 |
|---|---|
| Units | 33 |
| Price per unit | $8,758 |
| Occupancy | 97% |
| Building size | 4,500 sq ft |
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |
