Thomas Gambino Of Dynamic Worldwide Acquires Industrial Facility In North Bergen For $36M
7300 West Side Avenue
$36,000,000
$276/SF
Building Size
130,000 SF
Asset Type
Industrial
Closing
Apr 24, 2026
AI
An industrial facility located at 7300 West Side Avenue in North Bergen has been sold for $36 million. The asset covers 130,000 square feet with a price per square foot of $277. The transaction reflects the growing demand for industrial space in the NYC area, as evidenced by low vacancy rates of approximately 2.9%.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $36,000,000
- Buyer: Thomas Gambino - Dynamic Worldwide
- Seller: Luke J. Petherbridge - Link Logistics
- Lender: Citizens Financial Group
- Loan Amount: $25,000,000
- Square Footage: 130,000
- Address: 7300 West Side Avenue
- Market: North Bergen
Thomas Gambino, representing Dynamic Worldwide, and Luke J. Petherbridge, representing Link Logistics, were the key individuals involved in the transaction. The deal is a part of Link Logistics' strategy to reshape its portfolio to meet market demand for industrial properties.
Players
North Bergen Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93