FL
Hillsborough
TAMPA
33610
5305 GARDEN LANE
5305 GARDEN LANE, TAMPA, FL 33610
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Listing Type
Commercial/Industrial
Listing Status
Active
1
$1,650,000

Home Details for 5305 GARDEN LANE

Price
$1,650,000
Type
Commercial Sale
Square feet
1140
Year built
1958
Lot size acres
0.76
County
Hillsborough
Days on site
78
MLS Listing#
O6413181
Property Description

5305 Garden Lane is a fully tenanted Industrial Outdoor Storage (IOS) asset offering clean, current cash flow under a triple-net commercial lease with AutoBase LLC (operating under the VMS Solutions brand under an FDOT "Road Rangers" contract) through February 2028, plus a one-year renewal option through February 2029, alongside supplemental, inflation-protected income from a long-term Clear Channel Outdoor billboard ground lease. The property is being sold strictly as-is; the seller makes no representations or guarantees regarding lease extensions, and prospective buyers will be provided with tenant contact details and underlying FDOT contract documentation to conduct their own outreach post-closing. VMS Solutions has continuously secured these FDOT contracts due to strict location requirements, necessary proximity to highway access, and limited market competition—making a lease renewal likely, though not guaranteed, which is directly reflected in the asset’s attractive, above-market cap rate. AutoBase utilizes the site as a critical regional fleet storage, dispatch, and crew staging facility with significant relocation friction, while the highly permissive CG (Commercial General) zoning in unincorporated Hillsborough County supports current operations and preserves flexible future-use pathways. 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.

Property Features
    Listing Courtesy: COMPASS FLORIDA LLC - 407-203-9441
    Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. 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. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.
    Last Updated: 2026-08-07 10:30:21
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    EXIT BAYSHORE REALTY
    201 E. Davis Blvd, Tampa, FL 33606
    Office
    813 839 6869
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