Cherry Creek office building sells for $33M

The building at 3200 E. Cherry Creek South Drive sold for $33 million. (Thomas Gounley)

An office building on the outskirts of Cherry Creek has sold for less than it did in 2017.

CACP Citadel LLC purchased the seven-story The Citadel building at 3200 E. Cherry Creek South Drive on Wednesday for $33 million, according to public records.

The purchasing entity is affiliated with Matador Equity Partners, a California-based firm that purchased the Elevate office building in Glendale last year for $35.75 million.

Matador manager Brad Cummings did not respond to a request for comment.

The property was sold by Denver-based Amstar, which purchased the building in June 2017 for $37.03 million, records show. The company did not respond to a request for comment.

The building is 130,652 square feet, according to property records, making this week’s deal worth $253 a square foot. The structure dates to 1987.

Tenants at the building include New York Life Insurance Co., Bessemer Trust and Benson Orthodontics.

The building at 3200 E. Cherry Creek South Drive sold for…

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