The Real Deal Miami

Mattress One faces evictions across Miami-Dade County

The mattress retail chain has not paid rent to more than a dozen landlords in the past year, according to eviction notices filed in Miami-Dade Circuit Court
By Francisco Alvarado |
Research by Haru Coryne
November 23, 2018 01:00PM

(Credit: Fast Track, and iStock)

There won’t likely be Black Friday doorbuster deals at most Mattress One stores in Miami-Dade this weekend. Instead, the doors may be padlocked as the mattress retailer has been kicked out of its locations from Midtown Miami to Kendall, according to recent eviction complaints filed in Miami-Dade County Circuit Court.

Comras Company, Jamestown and the former owners of Navarro Discount Pharmacies are among five landlords that have sued Mattress One and its parent S.O.S Furniture since mid-September for failing to pay rent and other alleged violations of rental agreements. Since the beginning of the year, a total of 16 landlords, including New York-based Time Equities and Kimco Realty, have filed lawsuits to evict Mattress One amid internal company strife over allegations of embezzlement.

In a federal lawsuit filed in Tampa, three of the company’s owners accuse their brother, Morad Salem, of stealing $273,592 in corporate funds since 2017 and refusing to repay a $250,000 company loan that was due in 2017.

Attorneys for Mattress One, Comras, Jamestown and Marcel and Gabriel Navarro did not respond to messages seeking comment. Court documents show Mattress One owes a combined $325,176 in rent to the five landlords that filed suit since mid-September. The breakdown as follows:

  • On Sept. 18, Sunshop Properties LLC, which is owned by the Navarros, sued Mattress One for failing to pay $3,213 to reconcile unpaid trash and maintenance charges and for not providing the landlord monthly sales reports. Sunshop claims it is also owed $106,440 in future monthly rent payments. Mattress One had a five-year lease that expires on June 30, 2019, for 7,597 square feet at a Sunshop-owned shopping center at 10755-10805 Southwest 72nd Street in Miami. On Oct. 30, Sunshop won a court order to retake possession of the store.
  • On Oct. 16, The Q.V.H. Corp. sued Mattress One for failing to make its rent payment of $11,603 that month. The mattress company had a five-year lease that expires in April 2021 for a 3,000-square-foot standalone store in a shopping plaza at 8200 Flagler Street in Miami. On Nov. 1, Q.V.H. won a court order to retake the property.
  • On Oct. 27, Comras sued Mattress One and S.O.S. for failing to pay rent for seven straight months beginning in June for a total of $78,279. Mattress One signed a five-year lease in July 2016 for a 2,811 square-foot store at 3160 North Miami Avenue in Miami. The monthly rent began at $10,541 a month and increased 3 percent every year after.
  • On Nov. 7, Red Road Inc. sued Mattress One for failing to make its monthly $6,687 rent payment. The mattress retailer signed a five-year lease on June 2017 for its location at 18355 Northwest 57th Avenue in Miami.
  • On Nov. 8, Georgia-based real estate investment firm Jamestown sued Mattress One for $120,623 in unpaid monthly rent. Mattress One signed a five-year lease on June 27, 2016 for a space at Doral Commons shopping center at 7586 Northwest 104th Avenue in Doral. Jamestown acquired the commercial retail plaza from Terra for $71.6 million earlier this year.

It’s been a rough year for mattress sellers. Mattress Firm filed for bankruptcy and last month announced it was closing 10 Florida stores, including two locations in Miami and one in Fort Lauderdale.