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980 Southwest 13th Street

Updated Sep 17, 2026

Bilt advertisement
Ted Pick Acquires Land In Pompano Beach From Sarp Ciftci For $2.5M With CBRE Brokers
SOLDLand

Ted Pick Acquires Land In Pompano Beach From Sarp Ciftci For $2.5M With CBRE Brokers

980 Southwest 13th Street

$2,500,000

$32/SF

Building Size

78,074 SF

Asset Type

Land

Closing

Sep 3, 2026

About this deal

AI

The property asset involved in this transaction is located at 980 Southwest 13th Street in Pompano Beach. It is classified as land, with a sale price of $2,500,000, covering a total area of 78,074 square feet, resulting in a price per square foot of $32.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $2,500,000
  • Address: 980 Southwest 13th Street
  • Market: Pompano Beach
  • Square Footage: 78,074
  • Price per Square Foot: $32
  • Buyer: Ted Pick
  • Seller: Sarp Ciftci
  • Broker Representatives: Larry Genet, Tom O'Loughlin, Michael Oretsky, Frankie Buffalino - CBRE

The deal was facilitated by the CBRE team, consisting of broker representatives Larry Genet, Tom O'Loughlin, Michael Oretsky, and Frankie Buffalino, who played a crucial role in connecting the buyer, Ted Pick, with the seller, Sarp Ciftci, ensuring the successful completion of the transaction.

Players

Larry Genet

CBRE

Broker

$456.9M

vol

63 deals

Broker

Ted Pick

Buyer

$1.8B

vol

18 deals

Buyer

Sarp Ciftci

Seller

$2.5M

vol

2 deals

Seller

Pompano Beach Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Deal FAQ

About $32 per square foot on a published $2.5M for 78,074 square feet (2026).

Visit Michael Oretsky to view all their deals.

Browse Pompano Beach land sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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