FEV - North American Headquarters
4554 Glenmeade Lane, Auburn Hills, MI 48326
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.
FEV's main campus in Auburn Hills is comprised of its comprehensive Powertrain Center and cutting-edge Vehicle & Drivetrain Lab, which includes FEV's flagship Hybrid and Electric Vehicle Development Center. The North American Technical Center supports its powertrain systems OEM clients with a broad range of design and analysis capabilities, with fully instrumented engine dynamometer cells equipped with state-of-the-art emissions benches, lubricating oil, engine coolant, intake air conditioning, and combustion analysis/data acquisition systems. The facility is multi-fuel capable - both gasoline and diesel as well as alternative fuels are supported.
FEV North America occupies four locations in Auburn Hills alone: 4554 Glenmeade Ln (North American HQ & Powertrain Center), 1300 Harmon Rd (Vehicle Development Center), 4130 Luella Ln, and 1800 Opdyke Ct (FEV Consulting). The Glenmeade building is the crown jewel - the original North American headquarters and primary engineering hub.
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
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