Marco Island BP Owner buys Davis Boulevard Stations

BUYER: 951 Holdings Corp. (principal: Najeeb Ullah), Naples

SELLER: A L Subs Inc.

PROPERTY: 8901 Davis Blvd., Naples

PRICE: $2.35 million

PREVIOUS PRICE: $1.6 million, May 2001

BUYER: W Corp Holdings of Collier Inc. (principal: Najeeb Ullah), Naples

SELLER: A.L. Petroleum Inc.

PROPERTY: 8900 Davis Blvd. and vacant industrial land, Naples

PRICE: $2.25 million

PREVIOUS PRICE: $546,000, October 1995, and $150,000, August 1996

LAW FIRM ON DEED: Joseph M. Balocco PA, Fort Lauderdale

PLANS, DESCRIPTION: Naples businessman Najeeb Ullah purchased two adjacent gas stations at the corner of Collier Boulevard and County Road 856 for $4.6 million.

The price equated to $949 per square foot.

According to the CoStar Group, the property included a 26-year-old, 2,737-sqaure-foot BP station and a 2,112-square-foot Mobile station. Ullah says both properties were put up for sale by the same owner and that he has no plans to change their operations.

He currently owns a BP station at 861 Bald Eagle Drive, Marco Island.