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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