......................... Enjoying the Punta Gorda Renaissance and Lifestyle
Sunday, April 7, 2013
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!
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