It bought Blue Rhino in 2004, the same year the 10-acre plant in Tavares opened. It is on land leased from an Arizona-based commercial real estate corporation, which in 2004 paid $5.5 million for real estate that included the parcel, according to Lake County records.
The land and buildings are currently assessed at $1 million; equipment and other tangible property on site is worth another $2.5 million, according to the county tax collector.
It processes 2.3 million tanks a year, servicing all of Florida, as well as southern Georgia and Alabama.
The plant has 29 full-time and 20 part-time employees, a Ferrellgas spokesman said.
Tavares is about 40 miles northwest of Orlando.
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