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Colliers is pleased to present the opportunity to acquire the fee-simple interest in the Volkswagen Engineering Campus, a premier two-building, 155,240-square-foot industrial/advanced manufacturing campus in Oxnard, California. Fully NNN leased to Volkswagen (S&P: BBB+), the property serves as a mission-critical facility for the company’s North American operations, specializing in emissions testing and vehicle design.
201 Del Norte Boulevard comprises 65,429 square feet and operates as Volkswagen’s only emissions testing facility in the United States. Purpose-built for the company in 2012, the building features many specialized improvements with significant tenant investment. Oxnard’s moderate climate and ideal elevation make it a strategic choice for testing.
3301 Sturgis Road spans 89,811 square feet and serves as Design Center California. Relocated from its Santa Monica location, Design Center California is a dedicated Volkswagen brand studio that develops Volkswagen concepts exclusively for the North American market and ensures effective collaboration within the region and with Volkswagen AG in Wolfsburg, Germany. The building also supports marketing functions, vehicle storage, and on-site testing of new and legacy models, playing a key role in product development.
Recently, the company extended its lease in the building through February 2033, emphasizing its commitment to the project.This is an integral campus for Volkswagen’s operations in North America that encompasses Volkswagen Test Center along with VW quality and Audi engineering and home of the Design Center, and advancing sustainable automotive technologies. Volkswagen has nearly eight years of remaining term, and two 10-year renewal options, providing a secure income stream from an investment grade credit tenant.
