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CHESAPEAKE, VA-A 30,500-sf structure in the 700-acre Cavalier Industrial Park has been snapped up in a $1.15 million transaction. Located at 3728 Profit Way, the building has been moved from QZA Inc.’s property portfolio to that of Cook’s Moving Service.

Built in 1983, the combination office, storage, warehouse property has a current assessed value of $1 million. Cook’s Mobile Self Storage, a subsidiary of Cook’s Moving Service, is leasing the property from its parent company for an undisclosed figure.

The Self Storage subsidiary provides full-service moving and storage, as well as “do it yourself” mobile storage containers. “Because of our location in Hampton Roads, 90% of our business is through the military,” Cook’s Moving Service president Harrell. W. Cook explains. “This product eliminates the need for truck rentals and allows people a low-cost alternative for moving and storage.”

The Hampton Roads area is home to a bevy of military bases including US Army Transportation Center and Fort Eustis, Langley Air Force Base, and US Marine Corps Forces Atlantic. Advantis/GVA represented Cook’s, while Thalheimer Inc. stood in for the buyer.

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