Ding Liang Cao paid $10M to Berardo Paradiso for Elmhurst warehouse

Ding Liang Cao through the entity DC Woodside LLC paid Berardo Paradiso’s International Tool Manufacturing Corp. $9.5 million for 1 parcel, including the tax class fireproof warehouse (E1) at 71-08 51st Avenue in Elmhurst. The deal closed on August 29, 2019 and was recorded on September 16, 2019. The parcel(s) have total development potential of 35,165 square feet.
The average sale price per square foot is $311.
The estimated cap rate is 2.2%
The property was last sold on March 30, 1999.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link