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Skyline Rentals Ltd. Reaps About $20.8 Mil in Summit View Village Sale

GOLDEN, CO-Skyline Rentals Ltd., a local real estate company, has paid nearly $20.8 million to Fairfield Lunnonhaus, LP of San Diego for the 258-unit Summit View Village apartment complex in Golden, a suburb west of Denver.

By John Rebchook | Updated on October 04, 2000

GOLDEN, CO-Skyline Rentals Ltd., a local real estate company, has paid nearly $20.8 million to Fairfield Lunnonhaus, LP of San Diego for the 258-unit Summit View Village apartment complex in Golden, a suburb west of Denver.

The price was one of the highest ever paid for an apartment complex of this vintage. “On the face of it, a price of $72,807 per unit for a ’70s built apartment complex appears high,” Chuck Sweeney, the listing and selling broker told GlobeSt.com. But the property has several things going for it, says Sweeney, a broker with the Denver office of Hendricks & Partners.

First, Fairfield recently spent more than $2 million on the renovation. It rests in the foothills of the mountains, with the kind of views people expect from Colorado. And, it has easy access to Downtown Denver’s Central Business District from E. 6th Avenue.

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