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FOR SUPPLEMENTAL INFORMATION
Umpqua Bank acquired the property through foreclosure in late
2013, and it has been on the market since that time at $6,508,000.
Initial offers are due August 12, 2014, and will be evaluated by
Umpqua Bank based on both price offered, and ability to close
as an “as is” all-cash sale by September 24, 2014. Offers may be
submitted on the property either in its entirety, or individually
on Parcel A with its commercial zoning, and on Parcel B with its
multi-family zoning.
Umpqua Bank will respond to all offers by August 15, 2014,
and will have the option to accept, reject, or request a “best
and final offer.”
The 8.24± acre Santa Clara Crossing property has a corner
location at River Road and Hunsaker Lane, near Fred Meyer,
and Santa Clara Square anchored by Albertsons and Office
Max. Retirement and assisted living communities, and several
medical offices, are located nearby.
The property has excellent access to the Randy Papé Beltway
and east to I-5, the University of Oregon campus, and downtown
Eugene, which is within a fifteen-minute drive. An estimated
62,400 cars per day travel along the Beltway, and 28,900 cars per
day travel along River Road.
The combination of the size of the Santa Clara Crossing property,
its location strategic to retail and residential development,
and proximity to the Beltway and I-5, all provide an unusual
opportunity to acquire one of the largest bank-owned mixed-
use development sites in the Eugene market.
The Site
The 350,934± square foot site is mostly vacant, and had been
used at one time as the Santa Clara Elementary School until the
school was closed and demolished. A former Mini-Lube facility
105
To Portland
To Roseburg
Exit 195
Gateway Mall
Randy Papé Beltline
