This property auction included an FCC License for AM radio as well as an FM translator, radio studio building and tower on one parcel with the license. The property included a second parcel with a rental home and $700 per month rental income. The property was offered under a Local Management Agreement (L.M.A.) permitting the high bidder to provide a monthly fee for the L.M.A. over three years with a Option Price to purchase equal to the final high bid plus Buyer Premium. This strategy worked great in generating 15 bidders participating and a final high bid of $120,000 for the radio station parcel and $60,000 for the rental house parcel. Seller and Buyer both very pleased with the final outcome.