YORBA LINDA, CA-CIP Real Estate has sold the Founders Business Center, a 74,232-sf, two-building industrial park on La Palma Avenue here near the junction of the Eastern Corridor Toll Road and the 91 Freeway to two separate buyers for a total value of $5.8 million

Irvine-based CIP Real Estate, formerly California Industrial Properties LLC, represented itself in the $1.6 million sale to a private investor of a single-story, fully leased 18,936-sf building.

The second building, a two-story, fully leased 55,296-sf corporate headquarters and manufacturing facility, was sold to a private investor for $4.2 million. CIP represented itself in the second transaction; the buyer was represented by Keith Wilson of the Anaheim office of the Seeley Co.

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