David Robbins Of Pivotal Manufacturing Partners And Jeffrey M. Kaplan Of Meadow Partners Acquire Industrial Facility In Glendale For 157,523 SF
5310 West Camelback Road
Building Size
157,523 SF
Asset Type
Industrial
Closing
Aug 10, 2026
AI
The property asset involved in the transaction is a 157,523-square-foot industrial facility located at 5310 West Camelback Road in Glendale, Arizona, situated on 19.6 acres of land. The facility is currently leased to a Corning affiliate, and the financial terms of the transaction were not disclosed.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 5310 West Camelback Road
- Market: Glendale, AZ
- Square Footage: 157,523
- Acreage: 19.6
- Buyer: David Robbins - Pivotal Manufacturing Partners
- Buyer: Jeffrey M. Kaplan - Meadow Partners
Pivotal Manufacturing Partners and Meadow Partners acquired the facility, marking Pivotal’s first investment in the Greater Phoenix area. This acquisition is part of both firms’ strategy to focus on power-intensive industrial properties that cater to the semiconductor, aerospace, defense, and domestic manufacturing sectors.
Players
Phoenix Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93