Sheldon Butte multi-housing community in Oregon sells for $35.75 million

Carrie Kahn

 

 PORTLAND, OR – JLL Capital Markets has closed the $35.75 million sale of Sheldon Butte, a 176-unit, garden-style, value-add apartment community in Eugene, Oregon.

 

JLL represented the seller, Cumberland Holdings, LLC. Clear Capital, LLC acquired the asset.

 

Built in 1972, Sheldon Butte features units with vinyl plank and carpet flooring, white and jet-black appliances, laminate countertops, natural wood cabinetry, a balcony or patio in select floorplans and an average unit size of 736 square feet.

 

Ira Virden

Community amenities include a leasing office, a community lounge, a fitness center, a pool and spa, four laundry facilities, a recycling center, a dog park, picnic and barbecue areas and a community garden.

 

Located at 2555 Willakenzie Rd., the community offers residents accessibility to Coburg Road, Route 569, Interstates 5 and 105, downtown Eugene, Springfield and Eugene Airport.

 

The location also provides proximity to top employers such as PeaceHealth and the University of Oregon, in addition to educational institutions, including Oregon State University, Lane Community College, Bushnell University, Sheldon High School, Monroe Middle School and Willagillespie Elementary School.

Frank Solorzano

Centrally located between Oakway Center, The Shoppes at Gateway and Valley River Center, Sheldon Butte residents benefit from the 9.6 million square feet of retail options within a three-mile radius, as well as various entertainment opportunities at Sheldon Sports Park, Autzen Stadium, Willamette River, Oakway Golf Course, Alton Baker Park and Hayward Field.

 

The JLL Capital Markets team representing the seller was led by Senior Managing Director Ira Virden, Senior Director Carrie Kahn and Associate Frank Solorzano.

 

Contact:

 

Jenna Sharp

 JLL Associate

Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com