Case Study · Property Management & Leasing
407 Sansome St
Financial District, San Francisco · Office / Multi-Tenant
The Situation
When Strata Group took over management of 407 Sansome St, the building's office floors were just 33% occupied — with a lease expiration looming that threatened to push vacancy even higher. The owner needed a firm that could move quickly and execute a leasing strategy under real time pressure.
What We Did
Within 90 days of takeover, we had the office floors 100% leased — the majority on multi-year commitments that added immediate stability to the rent roll. Our approach combined targeted tenant outreach, strategic suite positioning, and lease structures designed to minimize the landlord's ongoing exposure.
Simultaneously, we conducted a full operational review: renegotiating vendor contracts, restructuring service agreements, and incorporating landlord-favorable expense provisions into new leases. The result was a meaningful reduction in controllable operating costs that compounded the impact of the revenue growth.
The Results
- Occupancy at Takeover33%
- Occupancy Within 90 Days100%
- Lease TermMajority multi-year
- Gross Revenue Increase+322%
- NOI Increase, Year 1+547%*
*Adjusted for controllable expenses and property taxes. High NOI gain reflects near-zero baseline at time of takeover.
407 Sansome demonstrates what's possible when leasing urgency and operational discipline work together. For a building that was effectively underperforming, the transformation was structural — not a one-time fix — adding long-term value to the owner's portfolio from day one.