South Cherry Creek office building is snatched up by Amstar for $37.03M

Denver County

Property Location: 3200 Cherry Creek Drive South, Denver, “The Citadel”

Property Description: 130,652-sf, seven-story office building, YOC 1987

Land Size: 1.576 acres

Sales Price: $37.03M, or $283.39 psf

Reception No.: 2017078693

Grantor: TR Citadel LLC by: LPC Realty Advisors I LP, Jenifer Ratcliffe, pres.

Grantee: Amstar-Citadel LLC, Jason Lucas, pres., 303-534-6322,

1200 17^th St., Suite 2050, Denver 80202-5842

Closing Date: 6/15

Financing: Cash

Comments: See APN: 05124-18-004. This property was listed by Mike Winn, Tim Richey & Chad Flynn with CBRE Capital Markets. The seller is Lincoln Property Company – Midwest based in Chicago, 312-345-8780.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.