850 E Covey Ln, Phoenix, AZ 85024 Property Records

Maricopa County property record for 850 E Covey Ln, Phoenix, AZ 85024

Property Summary

Property Type	Warehouse, Storage
Details	70,713 sqft · built 2011
Lot Size	5.05 acres (220,228 sqft)
Owner	Company Name on Record
Last Sale	$29,525,000 (Oct 2019)
Tax Bill	$101,446 (2025)
Deeds & Mortgages	Feb 2026 Mortgage Oct 2019 Sale & Line of Credit + 1 more
Flood Zone	Zone X (moderate risk)
APN	`213-05-981`

Property Details

APN / Parcel Number

Primary APN	`213-05-981`
Alternative APN	`213059812`

Interior

Stories	1 Story
Building Area	70,713 sqft Gross Area
1st Floor Area	70,713 sqft

Exterior

Year Built	Built 2011
Effective Year Built	Effective 2015
Exterior Material	Precast Concrete Panel
Construction Type	Tilt-Up Concrete
Fire Resistance	Masonry Walls, Wood Interior
Lot Area	220,228 sqft (5.05 acres)

Utilities, Heating & Cooling

Cooling System	Package A/C
Heating System	HVAC
Sewer	Municipal

Location & Zoning

Street Address	850 E COVEY LN
City	PHOENIX
State	AZ
Zip	85024-5662
Property Category	Industrial
Property Type	Industrial > Warehouse, Storage
Local Zoning Code	I-1
Legal Description	PARK LADERA AT SPECTRUM RIDGE MCR 1202-47
Legal Range	3E
Legal Township	4N
Legal Section	21
Legal Subdivision	PARK LADERA AT SPECTRUM RIDGE
Legal Lot Number	2
Jurisdiction	MARICOPA AZ
Township / Civil Division	PHOENIX
Census Block Group	1
Census Block	1000
Census Tract	614900

Owner

Source: Maricopa County records, as of April 20, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	10 2ND ST NE, 400, MINNEAPOLIS, MN 55413-2652
Owner Type	Company
Vesting	Limited Liability Company

Deeds, Mortgages & Sale History

Date	Document
Feb 2, 2026	Deed of Trust, Mortgage · Commercial Mortgage THRIVENT FINANCIAL FOR LUTHERANS
Oct 4, 2019	Trustee's Deed, Transfer · Line of Credit THRIVENT FIN'L/LUTHERANS
Jan 26, 2017	Deed of Trust, Mortgage THRIVENT FIN'L/LUTHERANS

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 4, 2019 · Amount on Record
Deed Sale	Oct 4, 2019 · Amount on Record
Prior Sale	Dec 20, 2016 · Amount on Record
Deed Document Number	2019790212
Record Updated	Jun 8, 2026

February 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Property Address	850 E COVEY LN, PHOENIX, AZ 85024-5662
Transaction Type	Mortgage
Record Updated	Feb 9, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000060380
Date	Feb 2, 2026
Instrument	20260060380

Lender

Name	THRIVENT FINANCIAL FOR LUTHERANS
Type	Funding / Finance Company

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	60 Months
Due	Feb 1, 2031

October 2019: Trustee's Deed, Transfer

Document Type	Trustee's Deed
Jurisdiction	MARICOPA AZ
Recording Date	Oct 4, 2019
Property Address	850 E COVEY LN, PHOENIX, AZ 85024-5662
Document Number	0000790212
Instrument Date	Oct 1, 2019
Instrument	790212
Transaction Type	Transfer
Record Updated	Oct 18, 2019
Title Company	STEWART TITLE, STEWART TITLE COM'L SVCS

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$29,525.00
Amount Accuracy	Confirmed
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	2 SEAPORT LN BOSTON MA 022102001, BOSTON, MA 02210-2001

Mortgage

Document Number	790213
Date	Oct 4, 2019
Instrument	790213

Lender

Name	THRIVENT FIN'L/LUTHERANS
Type	Funding / Finance Company
Address	625 4TH AVE S, MINNEAPOLIS, MN 55415-1624

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

January 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARICOPA AZ
Property Address	850 E COVEY LN, PHOENIX, AZ 85024-5662
Document Number	0000061030
Instrument Date	Jan 26, 2017
Transaction Type	Mortgage
Record Updated	Aug 13, 2018
Title Company	NCS TITLE

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	24 UNIVERSITY AVE NE #200 MINNEAPOLIS MN 554132480, 200, MINNEAPOLIS, MN 55413-2480

Mortgage

Document Number	0000061030
Date	Jan 26, 2017
Instrument	61030

Lender

Name	THRIVENT FIN'L/LUTHERANS
Type	Funding / Finance Company
Address	625 4TH AVE S, MINNEAPOLIS, MN 55415-1624

Agreement

Amount	Amount Recorded
Term	120 Months
Due	Jan 25, 2027

Tax Assessment & Valuation

Source: Maricopa County assessment roll, as of October 22, 2025

Property Jurisdictions

Type	Name
State	Arizona
County	Maricopa County
Municipality	Phoenix City
Unified School District	Deer Valley Unified District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$1,905,353 (+92.65%)	$12,292,600 (-3.23%) Land $2,089,000 Building $10,203,600
2025	$101,446.00 (-3.1%)	$989,014 (-50.98%)	$12,702,800 (+3.88%) Land $1,762,100 Building $10,940,700
2024		$2,017,604	$12,227,900 Land $1,678,200 Building $10,549,700
2023	$104,695.00

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective October 2, 2026

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 64% of the US · lower than 71% of Arizona
Wildfire Likelihood	0.03% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF PHOENIX serves 1,695,000 people · EPA ID AZ0407025
Water Source	Surface water
Last State Inspection	Dec 2025
Lead	3 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	Turbidity resolved · Jan 2021
Treatment and Procedure	None last 10 years
Monitoring and Reporting	2 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 277 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Cox Communications Cable	2,000 / 100
Tristate Wi-Fi by Wi-Fiber Fixed Wireless	400 / 150
CenturyLink DSL	140 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: AirFiber WISP, Verizon.

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