Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services, Colliers - Royal Oak/Detroit, Michigan
$5,737,200
FEV Vehicle Development Center
Details
Property Type Office, Industrial
Sub Type Warehouse, R&D
Square Footage 28,686
Cap Rate 7.00%
NOI $401,604
Occupancy 100%
Tenancy Single
Brand/Tenant FEV North America
Lease Type Absolute NNN
Lease Term 12.5
Rent Bumps Yes
Lease Options (4) Five Years
Price per SqFt $200
Year Built 2019
Acreage 6.780
Zoning I1
Investment Type Sale/Leaseback
Ground Lease No
1300 Harmon Road, Auburn Hills, MI 48326
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.
Auburn Hills is the heart of North American automotive engineering with direct access to OEMs, suppliers, & talent.
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
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services, Colliers - Royal Oak/Detroit, Michigan
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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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