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33288964
33288963

2 Locations

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
RV
MI MI 6502375353
Encore Real Estate Investment Services
AR
MI MI 6501411535
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$11,776,000
3 days on market
Updated 2 days ago

FEV North American Headquarters

Details
APN 02-14-03-276-003
Property Type Industrial
Square Footage 58,880
Units 1
Cap Rate 7.00%
Tenancy Single
Lease Type NNN
Lease Term 12.5
Rent Bumps Yes
Lease Options (4) Five Year
Year Built 1997
Year Renovated 2006,2025
Stories 1
Acreage 5.170
Ground Lease No

Sale Lease Back -North American Operational Headquarters and Mission-Critical Development Center

Marketing description

FEV North America, Inc. and its subsidiaries (“FEV” or “the Company”) are part of FEV Group GmbH, a leading global engineering provider and innovation partner shaping the future of mobility, energy, and software. Founded in 1978 by Professor Franz Pischinger, FEV has grown into an internationally recognized leader, supporting the world’s largest OEMs and partners across industries with cutting-edge solutions and strategic expertise. FEV Group, a Global Automotive Engineering Leader With $754± Million in Annual Revenue and 7,500+ Employees Worldwide

FEV North America, Inc. is the tenant on the lease. FEV Group the Global Parent in Germany DOES NOT Guaranty the lease. FEV North America, Inc. has minimal to no debt on its balance sheet, has annual revenue of approximately $75-100 Million and has had a healthy EBITDA of approximately $5 million the past few years.

Investment highlights

  • Absolute "NNN" Net Lase | Tenant Responsible For Taxes, Insurance, CAM, Roof, & Structure Providing True Passive, Management-Free Ownership
  • 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
  • Mission-Critical, Purpose-Built Facility | Tenant Has Invested Heavily in Specialized Test Cells, Vehicle Evaluation Areas, Fabrication Space, & High-Voltage Electrical Infrastructure That Would Cost Tens of Millions To Replicate
  • Exceptional Tenant Longevity | FEV Has Occupied & Continuously Expanded This Facility Since 1997, Representing Nearly 30 Years of Uninterrupted Occupancy & Deep Operational Commitment To Site
  • Heavy Industrial Power Infrastructure | 600-Amp Switchgear System Operating at 13,200 Volts Supporting High-Demand Engineering & Testing Operations, Representing a Significant Barrier to Entry
  • Attractive 2% Annual Rent Escalations Providing a Growing, Inflation-Hedged Income Stream
  • Irreplaceable Location in the Heart of North America's Automotive Corridor | Dedicated Facility Supporting Mission-Critical Work for Major Automotive Clients Including Ford, GM, and Stellantis
  • High Barrier-to-Entry Submarket | Specialized Automotive Engineering Real Estate in Oakland County Commands Premium Demand w/ Limited Comparable Supply
  • Located in Auburn Hills, Part of the Undisputed Capital of North American Automotive Engineering and Manufacturing

Listing Contacts

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
RV
MI MI 6502375353
Encore Real Estate Investment Services
AR
MI MI 6501411535
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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Additional Information

Name
Deno Bistolarides
License
6502378067
Name
Ryan Vinco
License
MI 6502375353
Name
Aliyah Rouls
License
MI 6501411535
Brokerage Phone
248-702-0288
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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