SEALED BID AUCTION

SEALED BIDS DUE BY 11/10/26@4:00 PM ET
Auction Location: 2420 Spurr Road, Lexington, KY 40511

PREVIEW TIMES
Tue. 10/27 @ 2:00PM – 3:00PM ET
Tue. 11/3 @ 2:00PM – 3:00PM ET

Buyer’s Premium: 6% Buyers Premium based on the high bid.

Prime Corner tract (approx. 10.89± acres) at the Signalized Intersection of Spurr Road & Georgetown Road (U.S. 25) in North Lexington’s exploding growth corridor. Site includes a 61,279 ± SF, one-story masonry surplus school building (built 1927/1976), 139 parking spaces, and substantial surplus land — only 12.9% site coverage. Property is exceptionally well located for the savvy investor to enter this burgeoning market with a key asset located in the center of the area’s development.

Surrounded by Active and Ongoing Multi-Family, Retail and Industrial Development. Zoned A-U/AR; rezoning to Market or Affordable Multi-Family use is considered reasonably probable given surrounding zoning and market activity. Light Industrial adjacent – Institutional, Retail and Commercial in Immediate Area. Full utilities available to Site and Multiple Access Points for ease of Ingress/Egress.

• Unique Asset at Prime Signalized Corner Location – Site includes a 61,279 ± SF, one-story masonry school building (built 1927/1976), 139 parking spaces, and substantial surplus land — only 12.9% site coverage
• In the Epicenter of Expansion & the Path of Progress – The Property is Exceptionally Located to Nearby Major Industrial, Governmental, Office and world known Manufacturing Concerns within a One-Mile Radius
• Influx of Development Activity – Adjacent to several recently built or under-construction Apartment Communities, evidencing Strong Multi-Family and Affordable Housing Demand in the immediate area – LexTran Bus Line at corner of Spurr & Georgetown Rds.
• Close proximity to Established Retail, Hospitality and Service Enterprises (e.g., Publix, Cracker Barrel, Marriott Griffin Gate, Embassy Suites North and Walmart Supercenter)
• Multiple Access Points – Ingress from Old Georgetown Rd and Spurr Road offer great access to the location – Downtown Lexington 6 only miles south
• Location – Location – Location: Near the UK’s Coldstream Campus, Innovation Industrial Park, Sousley Campus, and other Major Regional Employers – I-75/I-64 interchange less than 2 miles
• Access to Newtown Pike and New Circle Road (KY 4), Lexington’s primary inner beltway, both currently undergoing expansion/improvement – Close to Rail & Interstate Transportation
• Public Transportation – Site located on LexTran Bus Route & Nearby Bus Stop
• Planned realignment and widening of Georgetown Road (U.S. 25) just north of the site within the next two years, expected to further improve access and visibility
• Clear Title – No Back Taxes – No Liens – Surplus Property Ordered Sold by Fayette County Board of Education – Title Insurance Available

IMPORTANT NOTICE: IN ACCORDANCE WITH KRS 424.130(1)(b) THE BOARD OF EDUCATION RESERVES THE RIGHT TO REJECT ANY AND ALL BIDS AND FINAL APPROVAL BY THE KENTUCKY DEPARTMENT OF EDUCATION IS REQUIRED.

Property is being Sold in Cooperation with Schrader Commercial Properties, LLC | James Schrader, President

The Property is being offered through a Sealed Bid Auction Process (the “Sealed Bid”). Persons or entities wishing to participate in and qualify for the auction event (“Bidder”) are required to submit a fully executed Initial Bid & Binding Purchase Agreement along with a wire transfer of $100,000 (the “Initial Deposit”) no later than 4:00 PM ET, Tuesday, November 10, 2026. A 6% buyer’s premium will be added to the high bid to determine the total sale price. The parties submitting the three (3) highest Sealed Bids and/or those parties submitting Sealed Bids in an amount equivalent to Seventy-Five percent (75%) or more of the amount of the highest Sealed Bid received shall be deemed Qualified Bidders and shall be eligible to participate in a second round of live, online bidding (the “Auction) to be conducted Thursday, November 12 at 2:00 PM ET. After the conclusion of the Sealed Bid or Auction, the winning bidder is required to make an additional deposit (the “Additional Deposit”) to Tranzon in an amount totaling 10% of the total purchase price (the “Total Deposit”) within 24 hours of being declared the winning bidder. The Initial Deposit is credited toward the Additional Deposit and Total Deposit. The balance of the total sale price is due at closing within the timeframe specified in the Initial Bid & Binding Purchase Agreement. Seller may elect to accept the highest Sealed Bid received at its sole discretion. Seller may forego an Auction and convert any future round of bidding to a call for Best & Final Bids at its sole discretion. All Bids are Irrevocable. The Seller will provide a Special Warranty Deed at closing. Please see the Bid Process and Instructions, and a sample Initial Bid & Binding Purchase Agreement for complete sale terms. Property selling in its As Is and Where Is condition, subject to all leases and tenants in possession. Buyers are cautioned to carefully review the property information and terms and conditions. All properties subject to sell prior to the auction without notice.

Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer #259408/Broker #187998

SEALED BID AUCTION

SEALED BIDS DUE BY 11/10/26@4:00 PM ET
Auction Location: 115-117 & 123-147 E. Sixth Street, Lexington, KY 40508

PREVIEW TIMES
Tue. 10/27 @ 12:00PM – 1:00PM ET
Tue. 11/3 @ 12:00PM – 1:00PM ET

Buyer’s Premium: 6% Buyers Premium based on the high bid.

• Rare Downtown-adjacent Development Opportunity – High Density Population Radius – Three parcels, Offered in Combination.
• Surplus Real Estate – Ordered Sold by Fayette County Board of Education
• 47,790 SF former school building (Johnson Elementary, later Carver STEM Academy) on ±3.09 acres, built 1939 with additions through 1976. Brick masonry construction, gym/auditorium, classrooms, offices, library, cafeteria – Plumbing – Electrical – HVAC access throughout
• Highest Density Population – Prime Candidate for Affordable & Elder Residential Conversion
• Two adjoining parking parcels (115 & 117 E. Sixth St, ±0.10 acre combined) across Keller Alley.
• 324ft of Frontage on E. Sixth St, plus alley access on Keller Alley and Glass Alley — three-sided access.
• Zoning: R-3 (main campus) permits Multi-Family by right — site is built to only half its allowable density (0.75 FAR). B-1 (outparcels) supports commercial or parking use – Flexible Zoning – Strong Demand!
• Zone X FEMA Flood Zone – all Public Utilities Avalable.
• A few blocks north of downtown Lexington, ½ Block from N. Limestone St. – LexTran Bus Line stop at Corner
• Proximity to major institutions — within a few miles of the University of Kentucky, Transylvania University and downtown Lexington’s employment base
• Multiple Surplus Sites Available – One of Three former School Locations being Sold through Auction – Contact Tranzon or Schrader Commercial for Details
• Clear Title – No Back Taxes – No Liens – Surplus Property Ordered Sold by Fayette County Board of Education – Title Insurance Available
• NOTICE: Property Subject to Sale Prior to Auction without Notice

IMPORTANT NOTICE: IN ACCORDANCE WITH KRS 424.130(1)(b) THE BOARD OF EDUCATION RESERVES THE RIGHT TO REJECT ANY AND ALL BIDS AND FINAL APPROVAL BY THE KENTUCKY DEPARTMENT OF EDUCATION IS REQUIRED.

Property is being Sold in Cooperation with Schrader Commercial Properties, LLC | James Schrader, President

The Property is being offered through a Sealed Bid Auction Process (the “Sealed Bid”). Persons or entities wishing to participate in and qualify for the auction event (“Bidder”) are required to submit a fully executed Initial Bid & Binding Purchase Agreement along with a wire transfer of $100,000 (the “Initial Deposit”) no later than 4:00 PM ET, Tuesday, November 10, 2026. A 6% buyer’s premium will be added to the high bid to determine the total sale price. The parties submitting the three (3) highest Sealed Bids and/or those parties submitting Sealed Bids in an amount equivalent to Seventy-Five percent (75%) or more of the amount of the highest Sealed Bid received shall be deemed Qualified Bidders and shall be eligible to participate in a second round of live, online bidding (the “Auction) to be conducted Thursday, November 12 at 3:00 PM ET. After the conclusion of the Sealed Bid or Auction, the winning bidder is required to make an additional deposit (the “Additional Deposit”) to Tranzon in an amount totaling 10% of the total purchase price (the “Total Deposit”) within 24 hours of being declared the winning bidder. The Initial Deposit is credited toward the Additional Deposit and Total Deposit. The balance of the total sale price is due at closing within the timeframe specified in the Initial Bid & Binding Purchase Agreement. Seller may elect to accept the highest Sealed Bid received at its sole discretion. Seller may forego an Auction and convert any future round of bidding to a call for Best & Final Bids at its sole discretion. All Bids are Irrevocable. The Seller will provide a Special Warranty Deed at closing. Please see the Bid Process and Instructions, and a sample Initial Bid & Binding Purchase Agreement for complete sale terms. Property selling in its As Is and Where Is condition, subject to all leases and tenants in possession. Buyers are cautioned to carefully review the property information and terms and conditions. All properties subject to sell prior to the auction without notice.

Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer #259408/Broker #187998

SEALED BID AUCTION

SEALED BIDS DUE BY 12/08/26@4:00 PM ET
Auction Location: 701 E. Main Street, Lexington, KY 40502

PREVIEW TIMES
Tue. 11/17 @ 12:00PM – 1:00PM ET
Tue. 12/1 @ 12:00PM – 1:00PM ET

Buyer’s Premium: 6% Buyers Premium based on the high bid.

Rare 3.26± acre redevelopment site on Lexington’s Active East Main Street corridor, offered exclusively at Auction by Fayette County Public Schools. Includes the historic 1928 Guy S. Potts Building (former Henry Clay High School) plus classroom annex, gymnasium/auditorium, and the John Ambrose office building — 145,382 SF total across 3 parcels. Make Plans Now to Participate in the Auction Sale of this Fantastic and Rare Offering!

• 145,382 SF Total across 3 Buildings – Includes the remarkable 1928 (former Henry Clay High School) plus classroom annex, gymnasium/auditorium, and the John Ambrose office building!
• Zoning – R-3, B-1, R1D — Mixed-Use/Multi-Family Development and Main Street Commercial potential
• Tri-Street Frontage & Access — Rare multi-directional access on East Main Street (US 25) and Walton Avenue, plus secondary access via the 10-foot Champe Alley — uncommon for an infill urban site and a major advantage for development flexibility
• Primary Arterial Exposure — East Main Street/Richmond Road is one of the key corridors connecting downtown Lexington to the eastern metro area, carrying substantial commercial-arterial traffic volumes
• Proximity to Everything Lexington — Approximately 0.8 miles east of the Central Business District, within comfortable walking/cycling distance of downtown employment, shopping, healthcare and entertainment
• Near University of Kentucky — Approximately 1.5 miles from the UK campus & UK Healthcare, aligning with Strong Demand from Student Housing, Elder Residential Housing and Mixed-Use Residential market – Located on main LexTran bus line
• Corner Site Visibility — Corner exposure at East Main Street and Walton Avenue enhances signage and identity for future development uses
• Surrounded by Active Development & Commercial/Professional Enterprises — Located amid significant recent and planned Multi-Family/Mixed-use Activity, including The Maxwell (under construction), The Standard, The Verve, and the former YMCA redevelopment site – Professional Offices – Restaurants – Retail & Historic Residential abound in the immediate vicinity of this site
• Established Commercial & Residential Corridor — Current neighborhood blends commercial uses (retail, office, restaurants) with established historic residential districts (Aylesford Place, Mentelle Park, Kenwick, Ashland Park)
• No Historic Overlay Restriction — Despite the 1928 building’s historic character, no locally or federally designated historic overlay was identified, preserving development flexibility – buyers should confirm all use restrictions prior to bidding
• Clear Title – No Back Taxes – No Liens – Surplus Property Ordered Sold by Fayette County Board of Education – Title Insurance Available

IMPORTANT NOTICE: IN ACCORDANCE WITH KRS 424.130(1)(b) THE BOARD OF EDUCATION RESERVES THE RIGHT TO REJECT ANY AND ALL BIDS AND FINAL APPROVAL BY THE KENTUCKY DEPARTMENT OF EDUCATION IS REQUIRED.

Property is being Sold in Cooperation with Schrader Commercial Properties, LLC | James Schrader, President

All Property sold in “as-is, where-is condition. The Property is being offered through a Sealed Bid Auction Process (the “Sealed Bid”). Persons or entities wishing to participate in and qualify for the auction event (“Bidder”) are required to submit a fully executed Initial Bid & Binding Purchase Agreement along with a wire transfer of $250,000 (the “Initial Deposit”) no later than 4:00 PM ET, Tuesday, December 8, 2026. A 6% buyer’s premium will be added to the high bid to determine the total sale price. The parties submitting the three (3) highest Sealed Bids and/or those parties submitting Sealed Bids in an amount equivalent to Seventy-Five percent (75%) or more of the amount of the highest Sealed Bid received shall be deemed Qualified Bidders and shall be eligible to participate in a second round of online bidding (the “Auction) to be conducted on Thursday, December 10th at 1:00 p.m. ET. After the conclusion of the Sealed Bid or Auction, the winning bidder is required to make an additional deposit (the “Additional Deposit”) to Tranzon in an amount totaling 10% of the total purchase price (the “Total Deposit”) within 24 hours of being declared the winning bidder. The Initial Deposit is credited toward the Total Deposit. The balance of the total sale price is due at closing within the timeframe specified in the Initial Bid & Binding Purchase Agreement. Seller may elect to accept the highest Sealed Bid received at its sole discretion. Seller may forego an Auction and convert any future round of bidding to a call for Best & Final Bids at its sole discretion. All Bids are Irrevocable. The Seller will provide a Special Warranty Deed at closing. Please see the Bid Process and Instructions, and a sample Initial Bid & Binding Purchase Agreement for complete sale terms. Property selling in its As Is and Where Is condition, subject to all leases and tenants in possession. Buyers are cautioned to carefully review the property information and terms and conditions. All properties subject to sell prior to the auction without notice.

Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer #259408/Broker #187998

SEALED BID AUCTION

BIDDING OPENS: 12/11/26 @ 9:00 AM ET
BIDDING CLOSES: 12/15/26 @ 3:00 PM ET

PREVIEW TIMES
Tue. 11/17 @ 12:00PM – 1:00PM ET
Tue. 12/1 @ 12:00PM – 1:00PM ET

Buyer’s Premium: 6% Buyers Premium based on the high bid.

Rare Revitalization Opportunity in Bell Court/Mentelle Park Area

• Prime Mentelle Park Location – 700 Bullock Place sits in one of Lexington’s Most Established, Walkable, Tree-Lined Historic Neighborhoods
• Classic 1930s American Foursquare Architecture with Craftsman influences — solid all-brick construction with Genuine Period Character, built to last
• Two Full Stories of Living Space — 2,516 sq. ft. with a 1,190 sq. ft. main floor footprint
• Charming Outdoor Living — a 308 sq. ft. Covered Porch, perfect for enjoying Kentucky evenings – Terra Cotta Tile Covering across entire Porch
• Zoning — currently zoned R-1D (single-family residential) with a land use classification for office and potential paths for residential conversion – Selling As Is – Utilized for over 25yrs for Fayette County Public Schools
• Established, High-Demand Lexington submarket — Neighborhood Features Strong & Consistent Owner-Occupant & Tenant Demand with recent Bell Court/Mentelle Park-area sale prices in the $500K–$800K+ range
• Situated just off Richmond Road – less than 1mile from Downtown Lexington, UK Medical Center 2miles with the Heart of University of Kentucky Campus
• Do not Miss this Premier Location Residence! Selling at Online Auction!
• Clear Title – No Back Taxes – No Liens – Surplus Property Ordered Sold by Fayette County Board of Education – Title Insurance Available
• NOTICE: Property Subject to Sale Prior to Auction without Notice – The board of education reserves the right to reject any and all bids and final approval by the Kentucky Department of Education is required.

IMPORTANT NOTICE: IN ACCORDANCE WITH KRS 424.130(1)(b) THE BOARD OF EDUCATION RESERVES THE RIGHT TO REJECT ANY AND ALL BIDS AND FINAL APPROVAL BY THE KENTUCKY DEPARTMENT OF EDUCATION IS REQUIRED.

Property is being Sold in Cooperation with Schrader Commercial Properties, LLC | James Schrader, President

Terms and Conditions for Timed Online Auctions:
The following Terms and Conditions apply to all online auctions conducted by Tranzon member companies. The auction company or companies conducting this auction is or are referred to as “we” or “our” or “Auctioneer” in the following Terms and Conditions, and references to the Auctioneer include all of the Auctioneer’s employees, officers, directors, principals, employees, agents and other representatives. The Auctioneer is a member company in Tranzon, LLC. All Tranzon member companies are independently owned and operated.

The Auctioneer is conducting this auction as an online auction only. Bidders are referred to as “you” or “your” or “Bidder(s)” in the following Terms and Conditions. You are required to acknowledge that you have read and understand these Terms and Conditions before you will be allowed to register for and bid at this auction. In addition, the Auctioneer may add additional terms and conditions (the “Additional Terms and Conditions”) for this auction, and you will be required to acknowledge that you have read and understand any such Additional Terms and Conditions. Such Additional Terms and Conditions may include notification that there is a published or unpublished reserve, or that the results of the bidding at this auction are subject to Seller confirmation. In the event of any conflict between these Terms and Conditions and any such Additional Terms and Conditions provided by the Auctioneer, the Additional Terms and Conditions shall apply and shall supersede any conflicting provisions in these Terms and Conditions.

Agent for Seller: The Auctioneer does not own the property being sold in this auction. The Auctioneer is representing the Seller exclusively in this auction transaction.

Due Diligence: It is your responsibility to obtain and read the Property Information Package relating to the property being sold at this auction, as well as any and all other information made available on the Tranzon website relating to this auction and the property being sold at this auction. You acknowledge and represent that you have done so. Notwithstanding the foregoing, you also acknowledge and agree that the sale pursuant to this auction is being made on an “as-is, where-is” basis, with no representations or warranties of any kind, expressed or implied, by the Seller and/or the Auctioneer. You further acknowledge that any information contained in the Property Information Package or otherwise obtained through the Tranzon website or directly or indirectly from the Auctioneer and/or the Seller is being presented to the best of the Auctioneer’s and the Seller’s actual knowledge without independent verification. Therefore, it is your sole and exclusive responsibility to inspect the property; review the documents relating to the property; assess the accuracy and completeness of the information contained in the Property Information Package and any such other documents; and independently verify and confirm any estimates, projections, or assumptions relating thereto, none of which may be considered to be guaranties. In connection therewith, you have the sole and exclusive responsibility to select and consult with any and all professional advisors of your choosing in determining whether to bid at this auction. You acknowledge that you have relied exclusively on your own investigation and determinations and the advice or your own professional advisors, and expressly represent that you have not relied upon any information provided by the Seller or the Auctioneer in any way, whether through the Property Information Package or other documents, through the Auctioneer’s website, or by any oral, written or electronic communications with the Auctioneer or the Seller, or otherwise.

No Conditions or Contingencies: Without limiting the generality of the foregoing, you acknowledge and agree (i) that the completion of the sale following the conclusion of the auction is not contingent upon any inspection or verification of any such information, and the Closing Date or Closing Time (as defined below) will not be extended in order to permit any such inspection or review; (ii) that neither the Seller nor the Auctioneer nor any broker participating in the transaction to which this auction relates shall have any liability for any relief, including damages of any kind, rescission or reformation of the Purchase Contract (as defined below) or adjustment to the terms of the Purchase Contract based upon any failure of the property to conform to any description contained in the Property Information Package, or to any standard or any expectation that you may have in connection with the property; and (iii) that the completion of the sale is not subject to any financing or other contingency of any sort. You represent and warrant that by registering to bid and bidding during this auction, you have conducted all necessary investigations, and have determined to place a bid relying solely on your own independent investigation or verification of material facts concerning the sale and the suitability of the property for your intended use if you are the successful bidder.

Registration and Verification: In order to bid at this auction, you will be required to register at the Tranzon website, www.tranzon.com (the “Tranzon website”). All Bidders seeking to register for this auction must be eighteen (18) years of age or older, must be eligible to bid in the Auctioneer’s sole discretion based on the Auctioneer’s past experience with the registering bidder or otherwise, and may be subject to verification through credit card information in the registration process. You may be asked to provide credit card information for this purpose, and we will use a third party service or other process to verify that your credit card is valid and has available credit.

When your registration to bid on this auction has been approved, you will receive an email notification that you have been approved for bidding. In addition, bidding rights are not absolute, and all registrations, even if successfully verified by credit card as described above, are subject to manual verification at any time, and from time to time, by the Auctioneer. We may suspend or terminate your registration for this auction at any time, and for any and all reasons or for no reason, in our sole discretion. We will notify you by email if your approval to bid at this auction has been terminated or suspended.

Bidding Time: This auction is a timed auction event. Bidding is scheduled to begin and close at the times set forth on the Tranzon website. All time references on the bidding site for Tranzon online auctions are expressed in Eastern Time, and you should therefore be mindful of the need to convert to local time when bidding on auctions of properties located in other time zones. It is your responsibility to check the Tranzon website carefully so that you are aware of the scheduled closing time.

Extended Bidding Time: The Auction is scheduled to begin on the “Starting Date and Time” and tentatively end on the “Scheduled Ending Date and Time” that are listed on the property page of Tranzon’s website; however, for a bid received just before the Scheduled Ending Date and Time, an automatic extension feature in the online-bidding platform will extend the Scheduled Ending Date and Time and keep the Auction open for an additional period of time beyond the time that the last bid was received, and this process will repeat every time a subsequent bid is received. Subsequent and additional extensions shall be applied to any and all bids placed during any such extension period until an extension period has expired without additional bids being placed, at which time the bidding time, as extended, shall be closed. The number of minutes of Extended Bidding Time may vary in the sole discretion of the Auctioneer. For example, if the extension period specified by the auctioneer is 4 minutes, and the scheduled ending time is 2 PM but a bid is placed at 1:59 PM, the auction closing time would be extended by 4 minutes and the auction would close at 2:03 PM. Because of the possibility of extended bidding time, Bidders should continue to participate in the auction until receiving notification that the auction has closed and, in the case of a presumed High Bidder, until receiving a notification of the amount of the high bid as of the time of closing of the auction.

Bidder Responsibility: Bidders must take care in entering bids, and each Bidder will be responsible for all bids placed under the Bidder’s approved registration. Once entered and recorded online, a bid is deemed to be final on behalf of the registered Bidder and may not be modified, retracted or rescinded in whole or in part.

Bid Increments: Once bidding has commenced, any advances on a bid must be made in increments at least as great as those which we, in our sole discretion, have determined. We may, in our sole discretion, change or modify the required bid increments from time to time, or at multiple times, during the auction.

Maximum Bid Amount: We also provide opportunities for a bidder to submit a maximum bid amount (often called a “Max Bid”) and to direct that our website bid on such bidder’s behalf in scheduled increments until the maximum amount identified by the bidder has been reached. In the event that you later enter a max bid with the same maximum bid amount as was previously authorized by another bidder’s max bid, or enter a specific bid in the same amount as was previously authorized by another bidder’s max bid, the other bidder’s max bid as previously entered before your bid will be deemed to be the prevailing bid at that amount, and you will be deemed to be outbid. In the event that there should be any dispute among competitive bidders with regard to the identity or amount of the high bid, the Auctioneer may reopen bidding on the property and may, in conjunction with such reopening of the bidding, designate one of the bidders as the “High Bidder” in the Auctioneer’s sole discretion. All decisions by the Auctioneer shall be final.

Technical Problems: We have made reasonable efforts to provide for online bidding for this auction. You recognize and acknowledge, however, that technical problems with hardware, software, or internet connectivity, as well as human errors, may arise and may affect, without limitation, the Tranzon website, our online bidding program and process, your or our internet service and access, and your connection to this auction’s bidding program and process. You further acknowledge that these and other technical problems may develop at any time and with or without notice. You acknowledge and agree that neither we nor the Seller is in any way responsible for any such technical problems, and that you have no absolute or other right to be able to bid on this auction in the event of any such technical problems. Notwithstanding the foregoing, you further acknowledge and agree that, in the event of any such technical problems, we reserve the right to postpone or cancel the auction and/or extend the bidding time for this auction and/or relist the property for auction at another time, in our sole discretion, and that our decision with regard to any such actions is and will be final.

Terms Specific to This Auction or Property: As noted above, the Auctioneer may provide Additional Terms and Conditions that are specific to this auction or the property or properties being sold at this auction. Without limiting the generality of the foregoing, such Additional Terms and Conditions may, but shall not necessarily be required to, relate to the following provisions, among others: extended bidding time; and bid increments.

Bidding Authorization: A bid deposit in an amount set forth on the Tranzon website or as communicated by the Auctioneer in the Additional Terms and Conditions may be required in order to bid. Any such deposit will be required in actual funds, which the Auctioneer may hold until the completion of bidding and for a reasonable period of time to allow for the return of any such funds after the conclusion of the auction. Alternatively, in some instances a credit card preauthorization may be accepted for bidding authorization, not as a deposit. Please see specific requirements associated with the property for which you are registering to bid, as set forth on the Tranzon website or in the Additional Terms and Conditions.

Earnest Money Deposit: If you are the successful bidder, you may then be required to tender a deposit or an additional deposit in the form of a cashier’s check or wire transfer, within 24 hours or such other time as may be specified by the Auctioneer following the close of the auction, to be held by the Auctioneer or a designated escrow agent, all as set forth on the Tranzon website or in the Additional Terms and Conditions.

Purchase Contract: If you are the successful bidder, you will be required to sign a purchase and sale agreement or similar agreement or document, however captioned or titled (the “Purchase Contract”) and other necessary documents in the form designated by, and within the time periods established by, the Auctioneer, generally 24 hours. The terms of the Purchase Contract are expressly not negotiable and the Purchase Contract must be signed in the name of the high bidder and, except as may specifically be permitted by the terms of the Purchase Contract or expressly agreed upon in writing by the Seller or Auctioneer in their sole discretion, may not be assigned to any other person or party. The Purchase Contract and such other documents will set forth the specific terms and conditions of the sale, including the time by which the high bidder’s purchase of the property must be completed. Copies of some or all of these documents are available on the Tranzon website or may be obtained from the Auctioneer, and it is your responsibility to obtain, read, and understand the provisions of any such documents before bidding at this auction. The Seller’s obligations to the successful bidder are exclusively as set forth in the Purchase Contract.

Buyer’s Premium: A buyer’s premium (“Buyer’s Premium”) in a percentage specified by the Auctioneer as noted on the Tranzon website for each specific property auction or in the Additional Terms and Conditions may be added to the successful bidder’s highest bid price. Any such Buyer’s Premium shall become part of the total purchase price in the Purchase Contract, and must be paid by the successful bidder.

Closing: All sales must close within a period of time (the “Closing Time”) or on a date certain (the “Closing Date”) set forth in the Purchase Contract, unless extended by the Seller in writing. Unless otherwise provided in the Purchase Contract or other documents pertaining to this particular auction, any extensions shall be requested in writing not later than five (5) days before expiration of the Closing Time or the scheduled Closing Date, as the case may be, and any such requests may or may not be considered by the Seller and granted by the Seller in the Seller’s sole discretion. In preparation for the closing, the balance of the purchase price and any and all other funds necessary to complete the purchase must be provided by the successful bidder to the Seller or its closing agent(s), in immediately available funds or by wire transfer as directed by the Seller’s closing agent(s), not later than forty-eight (48) hours before the scheduled closing or at such other time as may be expressly designated by the Seller’s closing agent(s).

High Bidder’s Default: Successful Bidders who fail to close in a timely manner for any reason shall be required to release their deposit(s) to Seller as partial and nonexclusive liquidated damages and not as a penalty, and the Seller retains the unilateral right to cancel any escrow and retain the successful bidder’s deposit in the event the successful bidder fails to complete the purchase as required by the terms of the Purchase Contract. In addition, in the event the successful bidder fails to submit the executed Purchase Contract and any required earnest money deposit as required by these Terms and Conditions and any Additional Terms and Conditions, the successful bidder agrees to pay to the Auctioneer a fee in the amount of ten thousand dollars ($10,000.00) or such other amount as may be specified in any Additional Terms and Conditions, which amount may be paid by retention of the high bidder’s deposit check or the credit card submitted for bidding authorization in the sole discretion of the Auctioneer as a penalty for non-performance. A successful bidder who fails to submit an executed Purchase Contract, fails to make any required earnest money deposit, or fails to close in a timely manner may also be prohibited from bidding on future auctions conducted by the Auctioneer or the Auctioneer’s affiliates, in the discretion of the Auctioneer and any such affiliate or affiliates. These remedies are in addition to any other remedies, including specific performance, and/or additional money damages that the Seller and/or the Auctioneer may have in equity or at law. The Auctioneer and the Seller also reserve the right immediately to put the property up for sale again.

Purchase Eligibility: The Office of Foreign Assets Control (“OFAC”) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States. By signing these terms, you affirm that the above statement does not apply to you. Furthermore, if you are unable to close on the property due to circumstances related to the above statement, you will be deemed in default under these terms. Please see “High Bidder Default” section for implications of default.

General Terms and Conditions: You acknowledge and understand that the Auctioneer reserves the right, for any reason or for no reason in the Auctioneer’s sole discretion, (i) to determine who has access to and who may bid at this auction, (ii) to postpone or cancel the auction, (iii) to withdraw the property or any one or more properties from the auction, (iv) to change any terms of the auction or particular conditions of sale upon announcement prior to or during the course of the auction, (v) to bid on behalf of the Seller up to the amount of any reserve price, where permitted by law, (vi) to reject any and all bids, and (vii) to select the winning bid. You further acknowledge that neither the Seller nor the Auctioneer nor any broker involved in this auction is making any representation or warranty as to the manner in which the sale process will be managed, and that, except as may otherwise be provided by law, any acceptance of a winning bid prior to the execution of a binding Purchase Contract may be rescinded by the Seller in the Seller’s sole discretion and for any reason whatsoever including the receipt of a subsequent bid, and that the Seller’s obligation to sell any property or properties in this auction shall not be binding until such final Purchase Contract is signed and delivered by the Seller and the winning bidder. The Auctioneer may sell the property or any one or more properties subject to this auction in advance of the auction, in the Auctioneer’s sole discretion. The sole and exclusive venue for any disputes regarding or relating in any way to this auction or the transactions made in conjunction with this auction shall be in the state courts of general jurisdiction located in the jurisdiction where the property that is subject to this auction is located, or if more than one such jurisdiction is related to such property or properties, in any one of such jurisdictions as the Auctioneer may select, or, at the election of the Seller in its sole discretion in any jurisdiction where the Seller maintains a principal or other place of business, and you irrevocably submit to the jurisdiction of such courts.
Additional Terms and Conditions:
Please review the terms of sale in the property information package and purchase and sale agreement before bidding on this property.

Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer #259408/Broker #187998

In The News

Auction Dates Set for Surplus Fayette County Public Schools Properties October 6, 2026 -

Tranzon Asset Advisors and Schrader Commercial Properties are pleased to announce that they have been commissioned by the Fayette County Public Schools (FCPS) to auction multiple former school and office locations across greater Lexington, KY. FCPS has declared these properties to be surplus assets and they will be offered for sale at auction. The four

Read the full article

SOLD – Former Southside Technical Center April 17, 2026 -

Tranzon Asset Advisors and Schrader Commercial Properties are pleased to announce that the Fayette County Public Schools (FCPS) has entered into contract to sell the former Southside Technical Center located at 1800 Harrodsburg Road, Lexington, KY. The purchaser is Local 452 – Plumbers & Pipefitters. The union will be utilizing the facility in similar fashion

Read the full article

FCPS to sell Southside Technical Center March 25, 2026 -

Image: FCPS to sell Southside Tech Center off Harrodsburg Road. (WKYT) BY Kelsey Souto January 14, 2026 3:24 PM EST LEXINGTON, Ky. (WKYT) – The Southside Technical Center Building has been placed on the market. The Fayette County Public School Board voted Monday to contract with a commercial real estate agent to help sell the

Read the full article