1033 B Ave., Coronado -- Photo courtesy of CoStar Group

1033 B Ave., Coronado -- Photo courtesy of CoStar Group

Island Terraces LP of Los Angeles has purchased Island Terraces, an office property in Coronado, for approximately $19.7 million, according to CoStar Group and public data.

The seller of the three-story, 27,403-square-foot property, at 1033 B Ave., was CLI LLC, an affiliate of Global Laser Vision of San Diego. The seller was represented by Toni-Diane Donnet of brokerage company KW Commercial Central Coast.

The property was built on 0.32 acres in 2008 and was fully leased by five tenants at the time of sale. The building has office spaces with ground-floor retail.