$1,650,000
5305 Garden Lane
Tampa, FL 33610
Listing updated: June 3, 2026 at 4:09 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Day on market
Flood zone
About this home
5305 Garden Lane is a fully tenanted Industrial Outdoor Storage asset generating clean current cash flow under a triple-net commercial lease with AutoBase LLC, operating under the VMS Solutions brand under a "Road Rangers" contract with FDOT. The primary lease runs through February 2028 with an additional one-year tenant renewal option, structured triple-net with real estate taxes flowing through to the tenant. Supplemental income is generated through a long-term billboard ground lease with Clear Channel Outdoor featuring guaranteed annual base rent plus a percentage of net advertising revenues — an inflation-protected income stream with auto-renewal mechanics that extend the lease term effectively into perpetuity. Lease terms, rent structure, and contractual provisions for both tenants are available to qualified buyers under NDA. Seller will give qualified buyers access to AutoBase during the due diligence period to potentially negotiate an extension of the existing lease prior to closing. This is an uncommon and meaningful concession. A successful extension converts the asset from a short-tail net lease into a long-WALT credit-tenant IOS investment, with material cap rate compression and value enhancement that accrues directly to the buyer at acquisition. Pre-closing tenant engagement, combined with the property's strategic I-4 location and zoning flexibility, gives the right buyer a clear multi-year value creation roadmap from day one. AutoBase LLC (operating under the VMS Solutions brand) is a national fleet management and vehicle operations company with a multi-decade operating history serving utility providers, telecommunications operators, municipal governments, and transportation authorities across the United States. AutoBase is part of the AutoBase Holdings LLC corporate structure following a 2025 ownership transaction. The tenant occupies the site as a regional fleet storage, dispatch, and crew staging facility — a built-out operational footprint with significant relocation friction and high renewal probability. Clear Channel Outdoor is one of the largest outdoor advertising operators in the United States, with billboard structures positioned to capture I-4 corridor traffic. The lease structure provides a guaranteed annual floor plus percentage participation in net billboard revenues, allowing the income to grow with billboard advertising market rates over time. The lease's 30-year initial term and auto-renewal provisions make this a long-term, effectively perpetual income stream. The General Commercial zoning category is among the most permissive in unincorporated Hillsborough County. CG permits commercial, light industrial, outdoor fleet storage, truck parking, contractor yard, retail, and a broad range of permitted-by-right uses. This zoning flexibility supports current tenancy without restriction and preserves multiple future-use pathways for buyers contemplating eventual repositioning, expanded operations, or redevelopment. A rare convergence of income, optionality, and location. Income today from two creditworthy national tenants. Optionality through seller-facilitated lease extension access. Premier I-4 location in a submarket where comparable infill IOS land does not come available. Comprehensive offering package, lease abstracts, and detailed pro forma available to qualified buyers under NDA. All Reasonable Offers and Terms Considered. Brokers Protected.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history1 days on market
- Status: ActiveJun 2, 2026
- Listed$1,650,000Jun 2, 2026
- Price increased$1,650,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Industrial
- Status
- Active
- Days on market
- 1
- Subdivision
- State Hwy Farms
- County
- Hillsborough
- Year built
- 1958
- Living area
- 1,140 sq ft
- Price/sq ft
- $823
- Building area
- 2,004 sq ft (Public Records)
- Lot size
- 32,933 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- X (12057C0380K)
- Annual taxes
- $9,589 (2025)
- Parcel #
- U-06-29-20-1ME-000000-00007.8
- Zoning
- CG
- MLS #
- O6413181
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Heating & Cooling
- Cooling
- Office Only
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Ownership
- Fee Simple
Exterior & Construction
- Construction materials
- Block
- Foundation
- Block
- Road surface
- Asphalt
Listing Details
- Listing date
- 2026-06-02
- On market date
- 2026-06-02
- Original list price
- $1,650,000
- MLS area
- 33610 - Tampa / East Lake
- Listing AOR
- Osceola
- Status changed
- 2026-06-02
- Tax legal description
- STATE HIGHWAY FARMS BEG AT THE SE COR OF LOT 7 RUN THENCE N 623 FT THENCE W 218 FT TO POB FROM SAID POB THENCE RUN W TO A PT 105 FT E OF C/L OF TRACT 8 RUN THENCE N TO R/W OF STATE RD #17 (US HWY #92) THENCE E TO A PT 218 FT W OF NE COR OF TRACT 7 TH ENCE S PARALLEL TO E BDRY OF TRACT 7 TO POB
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Located in unincorporated Hillsborough County on the south side of US Highway 92 (East Hillsborough Avenue), approximately 1.5 miles east of I-75 and immediately east of the Florida State Fairgrounds and Seminole Hard Rock Hotel & Casino. From I-4 East, take Exit 10 (US-301) south to US-92 east; from I-75, take Exit 260 east on US-92 (Hillsborough Avenue). Property sits on Garden Lane just south of US-92, with direct visibility from Interstate 4.
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IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 3, 2026 at 4:09 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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