Eucalyptus is one of the most important plantation species in South China. Alternate applications of plantation grown hardwood such as eucalyptus need to be developed due to decreased demands of fibers for pulp and paper industry. The feasibility of manufacturing three-layer cross-laminated timber (CLT) using fast-grown small diameter eucalyptus wood (Eucalyptus urophylla×Eucalyptus grandis) was evaluated in this study. L9 (33) orthogonal tests with three factors and three levels were adopted to study the effects of adhesive spread rate, pressure, and pressing time duration on the block shear strength (BSS), wood failure percentage (WFP), and rate of delamination (RD) of CLT via block shear tests and cyclic delamination tests. The results indicated that the optimal pressing parameters were adhesive spread rate of 160g/m2, pressing pressure of 0.8MPa, and pressing time duration of 200min with one-component polyurethane adhesive used. The values of modulus of elasticity (MOE) and modulus of rupture (MOR) in the major and minor strength directions of CLT were 11,466MPa, 24.5MPa, 681MPa, and 8.6MPa, respectively. The values of transverse shear moduli and interlaminar shear strength in the major and minor strength directions of CLT were 91.8MPa, 1.3MPa, 241.6MPa, and 0.5MPa, respectively. The mechanical properties of eucalyptus CLT were equivalent to those of commercially available softwood CLT. These results indicate CLT panels manufactured from fast-grown small diameter eucalyptus lumber is promising for structural applications.