Sharp HealthCare purchased the property to eventually convert to an outpatient clinic
San Diego – October 9, 2025 – CBRE facilitated the $31 million sale of a three-story, 85,000-square-foot office building located at 1265 Laurel Tree Lane in Carlsbad, Calif., to Sharp HealthCare.
CBRE’s Lars Eisenhauer and Dan Henry, along with Greg Lewis and Steven Field at JLL, represented the seller, Pacific Development Partners, LLC, and Mike Labelle with Cushman & Wakefield represented the buyer, Sharp HealthCare in the transaction.
“This transaction reflects the continued demand for healthcare-anchored real estate in North County and the strategic value of Carlsbad as a long-term growth market,” said Eisenhauer, senior vice president at CBRE. “We’re proud to have helped facilitate a solution that supports Sharp HealthCare’s expansion goals while delivering a strong outcome for our client.”
Initially developed for the 24 Hour Fitness corporate headquarters, the building includes a ground-floor fitness facility and two floors of corporate office space. Sharp HealthCare plans to convert the third floor into a Sharp Rees-Stealy outpatient clinic, with immediate occupancy and grow into the balance of the building over time. 24 Hour Fitness will continue to operate out of the first and second floors until the phased conversion is complete.
“With medical office buildings in high demand along with a very limited supply of inventory, healthcare groups and investors look to convert traditional office buildings to outpatient clinics where zoning permits and where they can solve the higher parking requirements,” added Eisenhauer.
Located just off Palomar Airport Road and Aviara Parkway, the property offers ocean and golf course views, above-standard parking and proximity to Interstate 5, retail and dining amenities.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
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