Impact University Building and Land Purchased at Auction

An investor, who wishes to remain anonymous, has purchased the IMPAC University building and land in Punta Gorda for $3.52 million last Thursday in an auction.  According to recent reports,  six bidders participated in the auction, which had a minimum bid of $1.8 million. 

The extraordinary 4.1 acre campus on Retta Esplanade in Punta Gorda sparked a controvery last year when the County explored a possible purchase for a business incubator and/or county library.  At one point it was believed the County could have acquired the property valued recently at approximately $7 million for around $2.5 million. 

The sprawling 55,000 square foot complex was originally built as a headquarters and training facility in 1994 for Integrated Control Systems Inc. for over $6 million by James B. Irwin.  He later used the campus  to create IMPAC University.

IMPAC's three buildings contain a gym and  indoor basketball and racquetball courts,  a weight-lifting room,  a 242-seat auditorium, a stunning Board Room with a huge round conference table, said to have been dropped in place from the ceiling, classrooms and offices with oak furnishings and leather chair.  It runs the length of a full city block with glass windows  and doors looking over beautiful Charlotte Harbor. 

Such a deal!