Listed by Encore Real Estate Investment Services
$5,737,200
FEV Development Center
Details
APN 02-14-04-426-018
Property Type Industrial
Sub Type Warehouse, Engineering & testing facility
Square Footage 28,686
Units 1
Cap Rate 7%
NOI $401,604
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 12.5
Lease Expiration 12/31/2038
Remaining Term 12.6
Rent Bumps Yes
Lease Options (4) Five Year Options
Price per SqFt $200
Year Built 2019
Stories 1
Acreage 6.780
Zoning I1
Investment Type Net Lease
Lease Commencement 06/03/2026
Ground Lease No
Sale Lease Back -North American Operational Headquarters and Mission-Critical Development Center
Marketing description
The 1300 Harmon Road facility serves as FEV North America’s dedicated Vehicle Development Center, purpose-built for full system vehicle integration, validation, and testing.
Strategically located within Auburn Hills’ automotive corridor, the center supports OEM and Tier 1 clients across the full spectrum of vehicle engineering. The facility is an integral part of FEV’s Auburn Hills campus network.
Investment highlights
- Corporate Facility Occupied by FEV North America, Global Engineering & Mobility Solutions Firm With 7,500+ Professionals Across 40+ Locations Worldwide
- Mission-Critical R&D Asset | Purpose-Built Vehicle Development Center Supporting Advanced Mobility, ADAS, Electrification & Autonomous Systems Testing
- Strategic EPA Relationship | FEV Serves as a Trusted Engineering Partner to the U.S. Environmental Protection Agency, Underscoring the Tenant’s Technical Credibility & Mission-Critical Role in Advanced Mobility & Emissions Development
- Located Within Auburn Hills’ Premier Automotive Corridor & Advanced Manufacturing Submarkets
- Newer Construction | Built in 2019 w/ Modern Infrastructure Designed for High-Tech Engineering and Validation Uses
- Strategically Located Adjacent to Stellantis World Headquarters & Surrounded by Major OEM & Tier 1 Suppliers
- Mission-Critical Tenant Location Supporting FEV’s North American Vehicle-Level Development Operations
- High Barrier-to-Replicate Asset w/ Significant Specialized Improvements & Functional Obsolescence Protection
- Part of FEV’s Integrated Auburn Hills Campus | The Hub of Its North American Engineering Platform
- Exposure to Growing Advanced Mobility & Electrification Sectors Rather Than Traditional Office Demand
- Strong Corporate Tenant Backed by $754± Million Global Engineering Platform w/ Deep OEM Relationships
- Dedicated Facility Supporting Mission-Critical Work for Major Automotive Clients Including Ford, GM, & Stellantis
- Strong Real Estate Fundamentals | Limited Supply of Specialized R&D Assets in Highly Strategic Infill Location
Listing Contacts
Listed by Encore Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$401,604.00
$33,467.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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