Thrift store building sold to Los Angeles investor.
Byline: Elon Glucklich The Register-Guard
A River Road building leased to a thrift store that supports drug rehabilitation programs has sold.
An assistant manager with the store said the Teen Challenge Thrift Store isn't going anywhere.
William Chui, a Los Angeles investor, purchased the 15,340-square-foot thrift store building at 555 River Road, according to a deed filed with the Lane County Clerk's Office this week.
Attempts to reach Chui Thursday were unsuccessful.
Chui has no plans to change the building's use, Teen Challenge Thrift Store Assistant Manager Dera Rainwater said.
"We're going to stay in here," she said.
The thrift store has been at the River Road location for about four years.
The deed doesn't disclose the sale price. But Chui took out a $840,000 mortgage on the property, suggesting the sale price was above that.
The property sold in 1997 for $850,000. The building was constructed in 1973.
Steven Yett, a Eugene property investor, was the seller.
The Teen Challenge nonprofit offers drug rehabilitation services to youth, adults and families across the country.
Follow Elon on Twitter @EGlucklich. Email firstname.lastname@example.org.
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|Title Annotation:||Business; A manager at the Teen Challenge Thrift Store on River Road says the shop will remain at the site|
|Publication:||The Register-Guard (Eugene, OR)|
|Date:||Feb 19, 2016|
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