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
Pompano Beach Land Market Snapshot
Boundary boundary · Land · Sale transactions
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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